Cellar Entertainment Hub
Spaces
Bar, Restaurant, Music Venue, Cigar Lounge
Building description
A rare large-format downtown asset in the heart of Kingsport's revitalized Broad Street corridor. One of the most substantial single-building opportunities available in Downtown Kingsport, approximately 22,300 square feet across three stories plus mezzanine, with an expansive cellar level below.
Situated in an opportunity zone and $50,000+ in grants available, make this a unique opportunity for investors. The first-floor and mezzanine spaces provide strong in-place cash flow with a highly attractive basis, offering investors tenant diversification, value-add upside, and potential Opportunity Zone tax advantages—positioning the property as a compelling alternative to comparable investments
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 that risk. 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, where the 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.
Building highlights
Flexible rent available during buildout. $4,875 per month$9/SqFt. Tiered rent with renewal options for long term occupancy.
Rare three-story plus mezzanine configuration with cellar level — unmatched flexibility downtown, Prime Broad Street frontage in the core of Downtown Kingsport, 53' of continuous storefront exposure on the city's primary retail corridor, Qualified Opportunity Zone — significant federal tax advantages available, Ground floor leased to Shooter's Billiards with active expansion into the mezzanine — in-place income plus tenant growth, Vacant, redevelopment-ready top floor — residential loft, office of any kind, or retail, Expansive undeveloped cellar — music venue, cigar lounge, fine dining, indoor golf, or mini bowling potential, Cellar accessed via rear stairwell, with a framed wood carve-out at the front of the building ready for a dedicated street-front staircase to the lower level, Art Deco facade with partially redeveloped historic interior finishes: exposed brick, steel joists, Terrazzo, hardwood, B-2 Central Business District — one of Kingsport's most flexible zoning classifications, Eligible for downtown façade, redevelopment, and loan incentive programs, Surrounded by regional and national operators including Starbucks, Food City, Beef 'O' Brady's, Truist, First Horizon Bank, Regions Bank, HomeTrust Bank, and CrossFit, Public parking nearby, 1,800+ public parking spaces in Downtown Kingsport, Nearby 364-space parking garage, 3 minute walk
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