215 Commerce St, Kingsport, TN 37660 For Lease

Kingsport's steady, measured growth is its quiet advantage. Fast-growing markets like Nashville often

overbuild during boom cycles and pay for it in vacancy spikes. Kingsport doesn't carry thatrisk. Commercial fundamentals here are unusually tight across every sector — Office at 4.0% vacancy, Retail at 1.5%, and Multifamily at 5.6%, all outperforming national averages.

What makes this property a rare opportunity is the location: the historic core of downtown, wherethe inventory is finite and effectively irreplaceable. You can't build more historic buildings, and the city isn't adding new ones to the downtown center anytime soon.

Kingsport buying power per dollar of retail rent is 10% to 24% higher than Knoxville, Nashville, and Asheville, NC.

This metric is critical: rent is ultimately funded by tenant revenue, which is directly tied to the purchasing power of the surrounding population. In Kingsport, that relationship is more favorable.

215 & 223 Commerce Street is one of Downtown Kingsport’s most distinctive commercial assets — approximately 17,750 square feet of flexible space contained within a single building yet operating under two separate street addresses. That multi-address configuration is genuinely rare for the market: it gives an owner the footprint of a larger facility while preserving the option tooperate, brand, or sub-lease as multiple distinct storefronts and suites under one roof.

The building is 100% occupied across four tenants — a tavern with a full commercial kitchen, a craft distillery, a high-end fitness operator, a destination retail concept, and a supplemental storefront. Two leases are intentionally short-term, letting a buyer underwrite a stabilized, in-place rent roll from day one and step into those spaces as the leases roll — capturing incometoday while retaining full control of the building going forward.

Anchor tenant Ole Crow Tavern has invested approximately $500,000 in a fully upgraded commercial kitchen and bar — hood system, line equipment, finishes, and front-of-house infrastructure all in place — giving the next operator a turnkey, move-in-ready restaurantplatform at a fraction of replication cost.

The 223 Commerce gym bay features industrial-size overhead doors — a rare downtown feature that supports drive-in, load-in/load-out, and higher-clearance uses: supply company, contractor showroom, plumbing/HVAC/electrical distributor, flooring or window/door showroom, or light fabrication.

Few Downtown Kingsport spaces can roll trucks or material directly into the building.

The property sits inside Kingsport's Central Business District — a TIF District, PILOT District, federally designated Qualified Opportunity Zone, and Tennessee Main Street area — making it eligible for the City's Façade Grant, Redevelopment Grant, and Downtown Kingsport Loan programs. Qualified OZ investors can also defer and reduce capital gains tax, then grow theOZ investment capital-gains-tax-free with no depreciation recapture after a 10-year hold.

In-Place Tenant Roster — 100% Occupied with Owner-Operator Flexibility

The building is fully leased today, with two tenancies on temporary terms — delivering in-placecash flow from day one and a clear path for an owner-operator to step into either space as those leases roll, or for an investor to re-lease at market and ride Downtown Kingsport's rising rents..

King City Distillery — Craft Distillery & Tasting Room

A working craft distillery operating under B-2 zoning, which expressly permits distilleries with tasting rooms. The space drives destination foot traffic, pairs naturally with the building's restaurant infrastructure, and can be continued as-is, folded into a larger F&B concept, or repurposed for a brewpub, winery, or other licensed beverage producer.

Website: www.kingcitydistillery.net

Ole Crow Tavern — Anchor F&B Tenant with ~$500,000 Commercial Kitchen Build-Out

Ole Crow Tavern occupies the primary restaurant space and has invested approximately $500,000 in a fully upgraded commercial kitchen and bar — hood system, line equipment, finishes, and full front-of-house, all staying with the building. For an owner-operator running a restaurant, brewpub, tasting room, gastropub, supper club, or ghost kitchen, it's one of the most cost-advantaged F&B platforms in the market — and for an investor, durable, replication-cost-protected restaurant space.

Website: www.olecrowtavern.com

Explore Kingsport, TN dining at https://visitkingsport.com/eat-drink/

Discover Kingsport, TN outdoor Activity at https://visitkingsport.com/explore/category/outdoors/

Dollywood (Pigeon Forge) — roughly 1 hour 34 minutes. Smoky Mountains National Park — North Entrance 90 Miles

5 Minutes to Trout Fishing

1,800+ public parking spaces in Downtown Kingsport

Location

• Downtown Kingsport core — steps from Broad Street, Church Circle, and the Heritage Trail
• Purpose-planned urban fabric — wide streets and sidewalks, alleys, a true grid system, and 44 city blocks of walkable downtown
• Walkable, tree-lined streetscape with 1,800+ free public parking spaces Downtown
• Walk Score area rating: "Very Walkable"
• Active revitalization district — new water, sewer, power, and streetscape investment underway
• Growing residential base — loft conversions (Bridwell on Broad), townhomes, and the Brickyard Village development bringing 400+ new residences nearby; Downtown lofts currently appraising and selling at $250+/SF
• Event-driven foot traffic — Fun Fest, Santa Train, First Thursday Sip & Stroll, Kingsport Farmers Market, Sculpture Walk, and year-round Downtown programming
• Abundant outdoor recreation nearby — South Fork of the Holston River, 10-mile Greenbelt, Bays Mountain Park, skate park, bike pump track, mountain biking and hiking trails,

baseball/softball fields, soccer fields, and sand volleyball

• Access: ~1 mile to I-26, connecting to I-81; within a day’s drive of roughly 70% of the U.S. population; ~14 miles / 21 minutes to Tri-Cities Airport with direct flights to CLT, ATL, DFW, ORD, MCO/SFB,IAD, PIE, and AZA
• Anchored by employment — minutes from Eastman Chemical (one of the largest employers in the region), Holston Valley Medical Center, and the Kingsport Academic Village (Northeast State and ETSU Downtown)

Highlights

• ±17,750 SF historic Downtown asset across two street addresses (215 + 223 Commerce) in one building
• 100% occupied with five active tenants — Ole Crow Tavern, King City Distillery, G1 Elite, Found Objects, and supplemental storefront/storage
• All leases temporary by design — building can deliver vacancy on demand to support an owner-operator strategy
• ~$500,000 turnkey commercial kitchen and bar build-out in place (Ole Crow Tavern) —replication-cost protection for the next F&B operator
• Working craft distillery with tasting room in place (King City Distillery)
• Industrial-size overhead doors in the 223 Commerce gym bay — drive-in capable, supports a supply company, contractor showroom, plumbing/HVAC/electrical distributor, flooring or kitchen-and-bath showroom,or light fabrication operator
• B-2 Central Business District — one of Kingsport’s most flexible zoning classifications
• Qualified federal Opportunity Zone — significant federal tax advantages available
• Located inside Kingsport’s TIF District, PILOT District, and Tennessee Main Street boundary
• Eligible for downtown Façade Grant, Redevelopment Grant, and Downtown Kingsport Loan Program incentives
• Flood Zone B/X — outside the 100-year floodplain (buyer to verify)

Who This Property Suits

• • Supply company, distributor, or contractor showroom looking for industrial-door, drive-in capability inside a walkable Downtown footprint
  • Brewpub, distillery, or winery operator expanding alongside (or replacing) the existing tasting-room concept
  • Mixed-use operator splitting the two addresses across complementary concepts — F&B + retail, gym + showroom, or event + tasting room
  • Healthcare, civic, or professional tenant using the multi-address layout for distinct patient or public entrances
  • Adaptive-reuse developer recapturing the building over time as temporary leases roll, with Downtown loftcomps at $250

+/SF

• • Investor positioning for the continued upward trajectory of Downtown Kingsport rents and values, with OpportunityZone tax advantages available to qualifying buyers

Kingsport — America’s First "Model City"

Kingsport was purpose-designed as a planned city in the early 20th century, and Downtown’s pedestrian grid, Church Circle roundabout, and civic architecture reflect that intentionality. After a period of 20th-century decline, the Downtown district has been on a steady upswing, driven by a city-led master plan, private redevelopment, and publicinfrastructure investment. The result is an emerging, revitalized Downtown with real momentum: active storefronts, growing residential density, a 1.8-mile Heritage Trail, public art, breweries, restaurants, and a dense calendar of festivals andmarkets.

Offered For Sale

Sold together as one building under a single transaction. Serious inquiries only, tours available upon request. Please contact the listing agent.

Other Possible Uses

Beyond the uses outlined above, Kingsport’s B-2 Central Business District is one of the most permissive commercial classifications in the city, designed to welcome a wide mix of tenant concepts. The categories below areillustrative of the broader universe of uses a buyer or tenant could explore at 215 & 223 Commerce — particularlygiven the building’s two-address configuration, the in-place commercial kitchen, the in-place distillery, the industrial-door gym bay, and the prominent Downtown storefront frontage. Each is offered as an idea-generation list; specificoperations should be confirmed with the City of Kingsport for any required permits, licensing, or use approvals.

Government & Civic Offices

Federal, state, county, and municipal office space — including U.S. Post Office and USPS retail, Social Security Administration (SSA) field offices, U.S. Department of Veterans Affairs (VA) clinics and benefits offices, IRS taxpayer assistance centers, USDA service centers, U.S. Census Bureau offices, Department of Labor / workforce development and career centers, military recruiting stations (Army, Navy, Air Force, Marines, Coast Guard, National Guard), congressional and U.S. Senate district offices; Tennessee Department of Human Services, Tennessee Department of Health, Tennessee Department of Safety / driver services (DMV), Tennessee Department of Revenue, TBI / state law enforcement satellite offices, state senator and state representative district offices; Sullivan County clerk, register of deeds, trustee, assessor, election commission,juvenile services, probation/parole, and child support satellite offices; City of Kingsport administrative annex, planning& zoning, code enforcement, economic development, public works, parks & recreation, and public library branch space;courthouse annex, public defender, district attorney satellite, and mediation/arbitration offices; chamber of commerce,visitor center, Main Street program offices, and other civic and quasi-governmental tenants.

Healthcare, Wellness & Medical Services

Urgent care, primary care, pediatric and women’s health clinics, dental and orthodontic, optometry and vision, dermatology, ENT, allergy, audiology, physical and occupational therapy, sports medicine and rehabilitation, dialysis centers, imaging and diagnostic labs, blood donation centers, behavioral health and counseling, substance use treatment, telehealth hubs, med spa and aesthetics.

Childcare & Family Services

Licensed daycare, preschools, Montessori and learning centers, after-school enrichment programs, family resource centers, adoption and foster-support agencies.

Religious, Nonprofit & Community Organizations

Houses of worship and fellowship halls, denominational and ministry offices, community centers, civic clubs (Rotary, Lions, Kiwanis), Chamber of Commerce satellite space, foundation and nonprofit headquarters, social-service and food-pantry administrative offices.

Maker, Creative & Media Production

Maker spaces and shared shop bays, woodworking and metal-fabrication studios, podcast and recording studios,photography and videography studios, film and content production, graphic design and creative agencies.

Financial Services

Bank branches and credit union locations, ATM lobbies, mortgage and lending offices, tax preparation, wealth management, family offices, fintech storefronts.

Retail & Shopping (Expanded)

Boutiques, gift shops, bookstores, antique/consignment, art galleries, jewelry, home goods, florists, specialty foodretailers (bakery, butcher, chocolatier), wine & liquor, music/record shops, sporting goods, toys, hobby, pet supply,cigar/tobacco, novelty/souvenir, golf cart sales, outdoor outfitters, bicycle shops, eyewear/optical, vape and CBDretailers, comic and collectibles shops, board game stores, vintage and resale, mobile phone and electronics, kitchenware and cookware, fabric/ quilting and craft supply.

Food & Drink (Expanded)

Sit-down, fast-casual, ethnic and fine-dining restaurants, food halls, cafes, coffee shops, tea houses, bakeries and patisseries, ice cream / gelato / frozen yogurt, juice and smoothie bars, delis and sandwich shops, bars, wine bars, taverns, lounges, brewpubs, craft breweries, distilleries with tasting rooms, wineries with tastingrooms, cat cafes, dessert bars, hookah lounges, supper clubs, pop-up dinner concepts, commercial/ghost kitchens.

Professional & Office (Expanded)

Law, CPA and accounting, architecture, engineering, real estate, insurance, financial advisory, banking, marketing/PR, software, tech startups, business incubators and accelerators, co-working, executive suites, nonprofit offices, talent and staffing agencies, title and escrow companies, court reporting, IT managed services, cybersecurity firms, AI and data consultancies, government affairs and lobbying offices.

Personal Services (Expanded)

Hair and nail salons, barbershops, blow-dry bars, day spas, massage therapy, brow/lash studios, tanning, tailoring and alterations, dry cleaners, shoe repair, watch and jewelry repair, key-cutting, tattoo and piercing studios, pet grooming, mobile-device repair, eyewear adjustment, locksmiths.

Entertainment, Culture & Recreation (Expanded)

Movie theaters, performing arts and music venues, comedy clubs, dance/yoga/pilates/barre studios, fitness centers,CrossFit boxes, martial arts and boxing gyms, escape rooms, arcades, virtual-reality and immersive experience venues, golf simulators, axe-throwing, bowling alleys, mini bowling, billiards/pool halls, rock climbing walls, tactical/defensive training facilities, gaming and esports venues, museums, galleries, event and banquet venues, private clubs, speakeasy and lounge concepts, cigar lounges.

Lodging & Residential-Style Uses (Expanded)

Boutique hotels, bed & breakfasts, short-term and extended-stay rentals, urban lofts, corporate housing, furnished executive suites, hostel-style or themed lodging concepts.

Education & Instruction (Expanded)

Tutoring centers, test-prep, language schools, music/art/dance instruction, coding bootcamps, indoor trade and vocational schools, culinary schools, continuing education and professional certification, charter or micro-schoolsatellite locations.

Light Trade, Industrial & Specialty Uses (Expanded — Industrial-Door Bay)

Plumbing/HVAC, electrical, flooring, kitchen & bath, appliance, window & door showrooms; printing and sign shops; tech repair; AV/low-voltage, security and fire-protection contractors; light indoor fabrication; small accessory data centers; secure asset storage (exotic/vintage vehicles, precious metals, financial assets, art, and other high-value assets); commercial supply distributors and contractor counter-sales operators — allnaturally supported by the 223 Commerce industrial-size overhead doors.

Investment Summary

• • • ±17,750 SF total building — multi-address configuration (215 & 223 Commerce) inside a single structure
    • B-2 Central Business zoning — maximum use flexibility
    • Downtown core location — walkable, event-driven, with active ongoing reinvestment
    • 100% occupied with five active tenants on temporary leases — buyer underwrites in-place income and chooses when to take occupancy
    • Turnkey food-and-beverage infrastructure in place — Ole Crow Tavern’s ~$500,000 commercial kitchen and bar build-out stays with the building
    • In-place craft distillery operation (King City Distillery) under a B-2 use category that expressly permits distilleries with tasting rooms
    • Industrial-size overhead doors in the gym bay — supply-company / contractor-showroom / light-industrial capable inside a Downtown footprint
    • Located inside a TIF District, PILOT District, Tennessee Main Street district, and federally designatedOpportunity Zone
    • Flood Zone B/X — outside the 100-year floodplain (buyer to verify current FEMA designation)
    • Eligible for City incentives — Façade Grant, Redevelopment Grant, and Downtown Kingsport Loan Program
    • Sold together as one building under a single transaction

Property Stats

Offered As: Single sale, combined parcels

Total Building Size: ±17,750 SF (223 Commerce ±11,250 SF + 215 Commerce ±6,500 SF per Sullivan County records) Lot Size: ±0.40 acres combined (±17,424 SF) — 0.16 acres (±6,970 SF) +0.24 acres (±10,454 SF) Location: Heart of Downtown Kingsport — the city’s revitalized commercialcore

Zoning: B-2 Central Business District (City of Kingsport)

Parcel (215 Commerce): 046P-C-012.00

Special Districts: Opportunity Zone, TIF District, PILOT District, Tennessee Main Street

Flood Zone: B/X — outside the 100-year floodplain (buyer to confirm minimal vs. moderate designation with current FEMA maps)

Submarket: Downtown Kingsport / Kingsport-Bristol CBSA

All information contained herein has been obtained from sources deemed reliable; however, no representation or warranty ismade as to its accuracy. Prospective purchasers should verify all square footage, zoning compliance, lease structure and remaining lease terms, Opportunity Zone boundaries, incentive program eligibility, flood zone designation, and permitted uses with the appropriate authorities and their own professional advisors. Public records reflect the two addresses as separate parcels; consult the listing agent for current tax, title, and survey details.

For showings and additional information, contact the listing agent.