Parks Belk Co. 237-245 Broad St 6,500 - 13,000 SF of Space Available in Kingsport, TN 37660

Rare Three Story Building Plus Mezzaninine with Tenant Growth. A rare large-format downtown asset in the heart of Kingsport's revitalized Broad Street corridor. One of the most substantial single-building opportunities available in Downtown Kingsport, approximately 22,300 square feet across three stories plus mezzanine, with an expansive cellar level below. Situated in an opportunity zone and $50,000+ in grants available, make this a unique opportunity for investors. The first-floor and mezzanine spaces provide strong in-place cash flow with a highly attractive basis, offering investors tenant diversification, value-add upside, and potential Opportunity Zone tax advantages—positioning the property as a compelling alternative to comparable investments Kingsport's steady, measured growth is its quiet advantage. Fast-growing markets like Nashville often overbuild during boom cycles and pay for it in vacancy spikes. Kingsport doesn't carry that risk. Commercial fundamentals here are unusually tight across every sector — Office at 4.0% vacancy, Retail at 1.5%, and Multifamily at 5.6%, all outperforming national averages. What makes this property a rare opportunity is the location: the historic core of downtown, where the inventory is finite and effectively irreplaceable. You can't build more historic buildings, and the city isn't adding new ones to the downtown center anytime soon. Kingsport buying power per dollar of retail rent is 10% to 24% higher than Knoxville, Nashville, and Asheville, NC. This metric is critical: rent is ultimately funded by tenant revenue, which is directly tied to the purchasing power of the surrounding population. In Kingsport, that relationship is more favorable. The property features 53 feet of continuous frontage on Broad Street, and a mix of character-rich original detail: exposed brick walls, prominent steel joists, Terrazzo floors, original hardwood, and street-facing windows that flood the interior with natural light. Portions of the building have been thoughtfully redeveloped to preserve these historic elements while modernizing the usable space. The vacant top floor has been stripped down and is ready for redevelopment. With exposed brick, original structural character, and large street-facing windows. Cellar — Blank-Canvas Destination Venue The building includes an expansive, undeveloped cellar — a genuinely rare feature in this market. The space is sized and configured for a high-concept destination use, with multiple potential build-outs Ground Floor + Mezzanine — In-Place Income with Tenant Growth The first floor is leased to Shooter's Billiards, a growing, well-trafficked downtown destination tenant that is actively expanding its footprint up into the building's mezzanine level. This tenant growth story provides immediate in-place cash flow from day one alongside near-term upside as the mezzanine is built out and folded into the lease. An owner-user could continue to collect rent on this space while occupying the upper floors, or an investor can step into a stabilized, expanding ground-floor tenancy in one of Kingsport's most active retail corridors.