Showroom Flex Pull Up Doors
Owner-Operator Ready | ±11,250 SF Opportunity Zone |
Marketing description
223 Commerce Street is one of Downtown Kingsport's most distinctive commercial assets — approximately 11,250 square feet of flexible space.
The property sits in the historic core of Downtown Kingsport, where the inventory is finite and effectively irreplaceable. Commercial fundamentals across the market are unusually tight — Office at 4.0% vacancy, Retail at 1.5%, and Multifamily at 5.6% — all outperforming national averages.
The front showroom offers roughly 4,250 SF (lease comp ~$4,250/mo) with a 500 SF mezzanine office overlooking the flex space, and the rear flex space with industrial-size pull-up doors offers roughly 6,500 SF (lease comp ~$6,500/mo) — drive-in capable and suited to a supply company, contractor showroom, plumbing/HVAC/electrical distributor, flooring or kitchen-and-bath showroom, or light fabrication.
ZONING & USE FLEXIBILITY
B-2 Central Business District — one of Kingsport's most permissive commercial zones, supporting retail, food and beverage, fitness, professional office, personal services, entertainment, lodging, light industrial/showroom, and residential conversions (except single-family detached).
INCENTIVES & TAX ADVANTAGES
Located inside a federally designated Qualified Opportunity Zone, plus a TIF District, PILOT District, and the Tennessee Main Street boundary. Eligible for the City's Facade Grant, Redevelopment Grant, and Downtown Kingsport Loan programs. Qualified OZ investors may defer and reduce capital gains tax and grow the OZ investment capital-gains-tax-free with no depreciation recapture after a 10-year hold (buyer to confirm eligibility with a CPA).
PROPERTY STATS
(223 Commerce ±11,250 SF + 215 Commerce ±6,500 SF per Sullivan County records). Lot Size: ±0.40 acres combined (±17,424 SF). Zoning: B-2 Central Business District. Special Districts: Opportunity Zone, TIF District, PILOT District, Tennessee Main Street. Flood Zone: B/X — outside the 100-year floodplain (buyer to confirm with current FEMA maps). Submarket: Downtown Kingsport / Kingsport-Bristol CBSA.
All information herein has been obtained from sources deemed reliable; however, no representation or warranty is made as to its accuracy. Prospective purchasers should verify all square footage, zoning, lease terms, Opportunity Zone boundaries, incentive eligibility, flood zone designation, and permitted uses with the appropriate authorities and their own advisors. Sold together as one building under a single transaction.
Investment highlights
±11,250 SF historic downtown building — multi-address configuration (215 & 223 Commerce) inside a single structure
B-2 Central Business District zoning — one of Kingsport's most flexible, use-permissive classifications.
All leases temporary by design — underwrite in-place income and take occupancy on your timeline (vacancy on demand)
Industrial-size overhead doors in the flex bay — drive-in capable for showroom, supply, or light-fabrication uses
Federally designated Opportunity Zone — significant federal tax advantages available to qualifying buyers
Located inside a TIF District, PILOT District, and Tennessee Main Street boundary
Eligible for City Facade Grant, Redevelopment Grant, and Downtown Kingsport Loan Program incentives
Flood Zone B/X — outside the 100-year floodplain (buyer to verify)
Sold together as one building under a single transaction
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