Commercial ()

300 East Sullivan St, Kingsport, TN 37660

Stories: 2.0

Price: $900,000 Price Per ft²: $140.62 List Date: 2024-09-30 DOM: 52
City Tax: $806 County Tax: $970

Year Built: 1920 pre-1978 Homes

Finished Area: 6,400 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 6,400 ft² (Finished & Unfinished)

Lot Size: 0.07 acre(s) Lot Dimensions: Irr

Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public

Description

Welcome to a rare opportunity to own a versatile commercial building in the heart of downtown Kingsport! Located in the Tax Opportunity Zone, financial assistance to restore this beautiful building is available through the City of Kingsport. This property blends business and residential space, ideal for a live-work lifestyle or investment.Retail Space: The ground level features a spacious storefront with large windows, perfect for retail or entertainment uses. High foot traffic and excellent visibility will help your business thrive in this vibrant downtown area.Residential Lofts: The upper floor has three lofts (one 2/2 unit and two 1/1 units) with high ceilings and large windows that bring in natural light. Ideal for low-maintenance professionals or rental income. Downstairs has an additional 2-bedroom, 1-bath unit, perfect for someone looking to run the retail space.Prime Location: Located in the heart of downtown Kingsport, surrounded by popular shops, restaurants, and cultural landmarks. Enjoy views of Church Circle or walk to the farmer's market.Mixed-Use Flexibility: Ideal for owner-occupiers or investors, offering the chance to run a business while generating rental income from the lofts.Whether you're expanding your business or seeking a unique property, this building offers the perfect balance of commercial and residential possibilities. Don't miss this opportunity in downtown Kingsport! Bring your imagination to complete this building's transformation.Please Note: This building is an active construction site, so caution is advised when entering.Act fast to secure this property at a low price—price will rise as more work is completed. The building can be purchased as a whole or lofts sold individually.Your purchase will also include brand-new, in-box items that are ready to be installed, including toilets, kitchen appliances (refrigerators, dishwashers, ranges, microwaves), heat pumps, and bathroom and kitchen fixtures.