300 East Sullivan Street, Kingsport, TENNESSEE

$900,000

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0.07

Acres

About 300 East Sullivan Street

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!

Features of 300 East Sullivan Street

MLS® # 9972460
Price $900,000
Bathrooms 0.00
Acres 0.07
Year Built 1920
Type Multi Family
Sub-Type Multi Family
Style Other
Status Active

Community Information

Address 300 East Sullivan Street
City Kingsport
County Sullivan
State TENNESSEE
Zip Code 37660

Amenities

Is Waterfront No

Interior

Heating Heat Pump
Cooling Heat Pump
Fireplace No
Stories Two

Exterior

Exterior Brick
Lot Description Level2

School Information

Elementary Lincoln
Middle Sevier
High Dobyns Bennett

Additional Information

Date Listed October 18th, 2024
Days on Market 147
Zoning B2
Foreclosure No
Short Sale No

Listing Details

OfficeCentury 21 Legacy Col Hgts

Listing Map

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