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Downtown Kingsport Opportunity Zone 244-252 Broad St 25,043 SF 100% Leased Retail Building Kingsport, TN 37660 $1,570,000 ($62.69/SF)
Investment Highlights
- 11,500 SF Redeveloped
- Prime Broad and Center Intersection- 20K+ CPD
- Located in a Qualified Opportunity Zone
- Historic Architectural Features- Detailed original brick facade
- Adjacent to newly constructed 400-space public parking garage
- Passanger Elevator
Executive Summary
-Value Add Mixed Use (retail/residential, or office)
-11,500 square feet of renovated retail leased space with tenants including Kingsport GellyBall, The Bagel Exchange, and Impressions Fine Art Gallery.
-The 2nd floor presents a redevelopment opportunity of +/- 8K SF stripped down and ready for transformation into luxury residential lofts.
-Convenient passenger elevator.
-Located in a designated Opportunity Zone.
-11,500 square feet of renovated retail leased space with tenants including Kingsport GellyBall, The Bagel Exchange, and Impressions Fine Art Gallery.
-The 2nd floor presents a redevelopment opportunity of +/- 8K SF stripped down and ready for transformation into luxury residential lofts.
-Convenient passenger elevator.
-Located in a designated Opportunity Zone.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
25,043 SF
Building Class
C
Year Built
1927
Price
$1,570,000
Price Per SF
$62.69
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.30
Lot Size
0.25 AC
Opportunity Zone
Yes
Frontage
Amenities
- Signage
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 046I-F-002.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $290,840 |
Property Taxes
Parcel Number
046I-F-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$290,840
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Downtown Kingsport Opportunity Zone | 244-252 Broad St
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