223 Commerce St
Kingsport, TN 37660
Downtown Kingsport Opportunity Zone · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- In a designated Opportunity Zone
- Full Redeveloped
- Centrally located to all of Downtown Kingsport
- Art Deco Brick Facade
- Historic Architectural Features
EXECUTIVE SUMMARY
Built in 1933 as a Chrysler Dealership, the Building is Configured With Customer-facing Retail Space at the Front, Leading to a Dedicated Warehouse Area in the Rear. Completely Renovated, This Property Offers a Spacious 75' Clear Span, Two Commercial Garage Doors, Four Restrooms (Two Ada Compliant), a Kitchenette, Original Terrazzo Floors and Plaster Work, and New, Energy-efficient (Low-e) Large Double-pane Storefront Windows. It Also Features New Period-style Lighting and HVAC Units Installed in 2015
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,250 SF
Building Class
C
Year Built/Renovated
1933/2015
Price
$1,388,000
Price Per SF
$123.38
Tenancy
Single
Building Height
1 Story
Building FAR
1.09
Lot Size
0.24 AC
Opportunity Zone
Yes
Frontage
47’ on Commerce Street
PROPERTY TAXES
| Parcel Number | 046P-C-013.00 | Improvements Assessment | $63,280 |
| Land Assessment | $14,520 | Total Assessment | $77,800 |
