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Downtown Kingsport Opportunity Zone 237-245 Broad St 22,300 SF 100% Leased Retail Building Kingsport, TN 37660 $1,559,000 ($69.91/SF)
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
-Featuring exposed brick walls, prominent steel joists, and Terrazzo floors throughout
-Expansive, undeveloped cellar for a unique opportunity for the creation of a bowling alley or a similar entertainment venue or creative space.
-The vacant top floor is stripped down ready for development.
-The character of exposed brick and large street-facing windows, presents an ideal canvas for the development of stylish urban residential lofts which are in high demand and limited supply.
-The first floor is leased to Shooter's Billiards.
-Located in a designated Opportunity Zone.
-Expansive, undeveloped cellar for a unique opportunity for the creation of a bowling alley or a similar entertainment venue or creative space.
-The vacant top floor is stripped down ready for development.
-The character of exposed brick and large street-facing windows, presents an ideal canvas for the development of stylish urban residential lofts which are in high demand and limited supply.
-The first floor is leased to Shooter's Billiards.
-Located in a designated Opportunity Zone.
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
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 046I-F-002.00 | Improvements Assessment | $272,760 |
| Land Assessment | $18,080 | Total Assessment | $290,840 |
Property Taxes
Parcel Number
046I-F-002.00
Land Assessment
$18,080
Improvements Assessment
$272,760
Total Assessment
$290,840
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Downtown Kingsport Opportunity Zone | 237-245 Broad St
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