223 Commerce StKingsport, TN 37660

This exceptional 11,250 square foot vacant commercial property, located at 223 Commerce Street in Kingsport, Tennessee, presents a significant value-add opportunity. Built in 1936, this single-story building sits on a 10,350 square foot lot and is zoned for both restaurant and executive office uses. The asking price is $1,388,000, translating to $123.38 per square foot. Situated in the heart of downtown Kingsport's revitalization efforts, this property benefits from its prime location, proximity to local amenities, and the advantages of being within a designated Opportunity Zone. The property's versatile layout and substantial square footage offer considerable potential for renovation and lease optimization, allowing for diverse income streams. This presents an ideal opportunity for investors seeking to capitalize on the growth and revitalization of downtown Kingsport, particularly those interested in utilizing Opportunity Zone tax benefits. The property's location offers easy access to local restaurants, shops, parks, and public transportation, enhancing its appeal to potential tenants. This is a rare chance to acquire a substantial commercial property in a thriving Tennessee community.