130-134 Broad StKingsport, TN 37660

Property Details for 130-134 Broad St

Year built

1920

Property size (Sq ft)

10,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 10,000 square foot mixed-use property, located at 130-134 Broad Street in Kingsport, Tennessee, presents a compelling investment opportunity. Built in 1920, this two-story building sits on a 6,950 square foot lot and is currently configured as both restaurant and executive office space. The asking price is $550,000, representing a price per square foot of $55. Situated in the heart of Kingsport's revitalized downtown, this property benefits from its prime location near local amenities and enjoys the advantages of being within a designated Opportunity Zone, offering potential tax incentives for qualified investors. The property's diverse income streams, derived from its mixed-use configuration, provide a solid foundation for immediate cash flow and future growth. The building's existing layout offers flexibility for various uses, allowing for potential lease optimization and renovations to enhance returns. This property is ideal for investors seeking a value-add opportunity in a thriving downtown area experiencing significant community growth and development. The property's proximity to local amenities further enhances its appeal to tenants and patrons. Detailed financial information is available upon request. This is a rare chance to acquire a significant piece of Kingsport's commercial landscape.

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5461

Longitude

-82.5617

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