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Downtown Kingsport Opportunity Zone 255 Broad St. 26,100 SF 100% Leased Retail Building Kingsport, TN 37660 $2,499,000 ($95.75/SF)
INVESTMENT HIGHLIGHTS
- Prime Broad & Center Intersection- 20K+ CPD
- Original Marble & Limestone Facade
- New Roof with Iso-board insulation
- Sprinklers Throughout & Passenger Elevator
- Located in a designated Opportunity Zone
- Public Parking Nearby
EXECUTIVE SUMMARY
-Historic 1927 structure showcasing original marble and limestone facade.
-Tenants include Summit Properties Real Estate, Trumark Construction, and The Naked Bee.
-Exciting potential for urban loft conversions, with one unit already established.
-2500 square foot rooftop deck offers sweeping views of Kingsport.
-Second floor has been transformed into a turnkey event center, complete with a warming kitchen, striking arched windows, and an abundance of natural light showcasing scenic downtown views.
-3200 square foot cellar holds promise for a distinctive speakeasy-style bar and lounge.
-The property is further enhanced by elevator access and the presence of the original 1920s bank vault, blending historical charm with modern possibilities.
-Tenants include Summit Properties Real Estate, Trumark Construction, and The Naked Bee.
-Exciting potential for urban loft conversions, with one unit already established.
-2500 square foot rooftop deck offers sweeping views of Kingsport.
-Second floor has been transformed into a turnkey event center, complete with a warming kitchen, striking arched windows, and an abundance of natural light showcasing scenic downtown views.
-3200 square foot cellar holds promise for a distinctive speakeasy-style bar and lounge.
-The property is further enhanced by elevator access and the presence of the original 1920s bank vault, blending historical charm with modern possibilities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
26,100 SF
Building Class
C
Year Built/Renovated
1927/1971
Price
$2,499,000
Price Per SF
$95.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.20 AC
Opportunity Zone
Yes
Frontage
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 046P-B-027.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $407,720 |
PROPERTY TAXES
Parcel Number
046P-B-027.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$407,720
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Downtown Kingsport Opportunity Zone | 255 Broad St.
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