247 Broad St
Kingsport, TN 37660
Office Property For Sale

Turnkey professional space in the historic core of Downtown Kingsport.
The Progress Building at 247 Broad Street — offers move-in ready office space on Kingsport's revitalized Broad Street corridor, available for sale or lease. Unlike value-add projects that require months of build-out, this property is positioned for immediate lease or purchase: ideal for a medical office, law firm, dental practice, technology office, or co-working operator seeking a prominent downtown address. With $50,000+ in local grants available, the property is a compelling opportunity for owner-users and investors alike — occupy it, lease it, or both.
Steady Growth Without the Boom-Bust Risk
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.
The property sits inside Kingsport's Central Business District — a TIF District, PILOT District, federally designated Qualified Opportunity Zone, and Tennessee Main Street area — making it eligible for the City's Façade Grant, Redevelopment Grant, and Downtown Kingsport Loan programs.
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.
Built for Professional Users — Medical, Law, Dental, Tech & Co-working
The Progress Building sits inside Kingsport's B-2 Central Business District — the city's most flexible and use-permissive commercial zone — and its move-in ready condition makes it especially well suited for professional and office users, including:
• Medical & Dental Office — urgent care, primary care, dental and orthodontic, optometry, dermatology, physical therapy, behavioral health and counseling, telehealth hubs, med spa and aesthetics.
• Law Office — law, accounting and CPA, title and escrow, court reporting, mediation and arbitration offices, and other professional practices seeking a prestigious downtown address near civic and county offices.
• Technology Office — software and tech startups, IT managed services, cybersecurity firms, AI and data consultancies, creative and media agencies, and small accessory data center uses.
• Coworking & Executive Suites — coworking spaces, business incubators and accelerators, and furnished executive suite concepts serving downtown Kingsport's growing professional community.
• Financial & Professional Services — banking, mortgage and lending, insurance, real estate, financial advisory, wealth management, and marketing/PR agencies.
For sale to an owner-user or investor, or for lease to established practices and growing firms — contact the listing agent for lease rates and available configurations.
ZONING: B-2 — CENTRAL BUSINESS DISTRICT (CBD)
The properties are located within the heart of Downtown Kingsport's B-2 Central Business District, one of the city's most flexible commercial zoning districts. B-2 is intended to encourage a vibrant, pedestrian-oriented downtown by allowing a broad mix of commercial, office, retail, restaurant, entertainment, residential, and mixed-use development.
Permitted and commonly supported uses include:

– Retail storefronts
– Professional and medical offices
– Restaurants, breweries, bars, and coffee shops
– Boutique hotels and hospitality
– Multifamily apartments and upper-floor residential conversions
– Creative office and co-working space
– Entertainment venues
– Personal service businesses
– Mixed-use redevelopment projects

The district is designed to support higher-density urban development while preserving the character of Downtown Kingsport. Existing infrastructure, walkability, public parking, and nearby civic amenities make the location well suited for adaptive reuse, owner-occupant businesses, or long-term investment.