152 Broad StKingsport, TN 37660

This exceptional 14,500 square foot property, located at 152-156 Broad Street in Kingsport, Tennessee, presents a compelling value-add investment opportunity. Currently vacant, this two-story, Class C building offers 12,000 square feet of net rentable space, ideally suited for redevelopment. Built in 1938, the property sits on a 10,425 square foot lot and is zoned for both executive office and restaurant uses. The asking price is $46.90 per square foot, making it an attractive proposition for investors seeking to capitalize on the revitalization efforts underway in downtown Kingsport. The property is part of a larger portfolio and is available for sale individually or as part of a larger package. Its prime location within the bustling downtown district offers proximity to local amenities, government incentives, and a strong community. This is a 1031 exchange eligible property, situated in a designated Opportunity Zone, providing significant tax advantages for qualified investors. The vacant shell space allows for complete customization and the potential to create a high-return investment through strategic renovations and lease optimization. This presents a unique chance to contribute to the ongoing growth of downtown Kingsport while securing a potentially lucrative return on investment. The property's diverse zoning allows for a variety of uses, catering to a wide range of potential tenants.