Multifamily
(Multi Family)
300 East Sullivan St, Kingsport, TN 37660
Other
FOR SALE
Price: $900,000
Price Per ft²: $inf
List Date: 2024-10-18
DOM:
23
City Tax: $806 County Tax: $970
City Tax: $806 County Tax: $970
Year Built: 1920 pre-1978 Homes
Total Area: 0 ft² (Finished & Unfinished)
Heating: Heat Pump Cooling: Heat Pump Water & Sewage: Public
Description
Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential.With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use.The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients.This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!
Community Information
- Geographical
- County: Sullivan
- Subdivision:
- Zoning: B2
- School System
- Lincoln Elementary
- Sevier Middle
- Dobyns Bennett High
Interior
Exterior
Exterior Finish: Brick
Photos
Listing by
Century 21 Legacy Col Hgts