247 Broad St., Kingsport, TN 37660 For Lease

For lease at $9/SqFt. Flexible spaces ranging from 200 to 4,500 SqFt available. Competitive Tenant Improvement & Free Rent Packages Available. The Progress Building at 247 Broad Street — offers move-in ready office space on Kingsport's revitalized Broad Street corridor, available for sale or lease. Unlike value-add projects that require months of build-out, this property is positioned for immediate lease or purchase: ideal for a medical office, law firm, dental practice, technology office, or coworking operator seeking a prominent downtown address. With $50,000+ in local grants available, the property is a compelling opportunity for owner-users and investors alike — occupy it, lease it, or both.

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.

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.