Listed by TCI Group – Jerry Petzoldt Agency LLC
$495,000
300 E. Sullivan Mixed Use Building
Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 6,308
Tenancy Vacant
Price per SqFt $79
Year Built 1920
Year Renovated 2020
Buildings 1
Stories 2
Acreage 0.070
Investment Type Owner/User
Retail | 6,308 SqFt
Marketing description
This property is an excellent investor or owner/occupant opportunity. It is located in Downtown Kingsport on the corner of Sullivan and Cherokee Streets. The two-story building consists of approximately 6308 square feet. City parking is available on the opposite street corner.
The building was built in 1920 and was originally two buildings which were combined as one over the years. From 2018 to 2020 the brick exterior was cleaned, roof replaced and new windows installed. The building was cleared of most interior walls as well.
Currently, the building is partially built out to house 4 loft apartments. On the second floor the plans specify two 1-bedroom units and one 2-bedroom unit. On the main level there is one 2-bedroom unit. The main level includes an open area of about 1400 square feet which could be used for retail space, café or additional loft units. Construction plans are available for review.
Investment highlights
- Land (SF): 3,049 SF
Listing Contacts
Listed by TCI Group – Jerry Petzoldt Agency LLC
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