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237-245 Broad St
Kingsport, TN 37660
Downtown Kingsport Opportunity Zone · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Broad Street Location
- Partially Redeveloped Historic Architectural Features including exposed beams, exposed brick, and original hardwood floors
- Located in a qualified Opportunity Zone
- Art Deco Style Facade
- Public Parking Nearby
- Grant Opportunities Available
EXECUTIVE SUMMARY
Showcasing a blend of industrial character and urban potential, this property features exposed brick walls, prominent steel joists, and Terrazzo floors throughout. The expansive, undeveloped cellar offers a unique opportunity for the creation of a boutique bowling alley or a similar entertainment venue. Above, the vacant top floor, stripped down and awaiting renovation, boasts attractive exposed brick and large street-facing windows, presenting an ideal canvas for the development of stylish urban residential lofts. The first floor is currently occupied by Shooter's Billiards.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
22,300 SF
Building Class
C
Year Built/Renovated
1930/1966
Price
$1,559,000
Price Per SF
$69.91
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.05
Lot Size
0.25 AC
Opportunity Zone
Yes
Frontage
53’ on Broad Street
AMENITIES
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 046I-F-002.00 | Improvements Assessment | $162,720 |
| Land Assessment | $18,080 | Total Assessment | $180,800 |
PROPERTY TAXES
Parcel Number
046I-F-002.00
Land Assessment
$18,080
Improvements Assessment
$162,720
Total Assessment
$180,800
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