130 - 134 Broad St, Kingsport, TN 37660 For Sale

Retail IncomeBelow. Loft or Office UpsideAbove.

100% Leased Ground Floor. Rear Parking

Located at the intersection of Broad Street, the property occupies one of the highest-profile commercial streets in Downtown Kingsport. The surrounding districtcontinues to benefitfrom ongoing publicand private investment while attracting new restaurants, breweries, retail concepts, galleries, entertainment venues, and residential redevelopment.

The building sits within a 100 yards of Downtown Kingsport’s newest public parking garages — an amenity rarelyavailable to historicdowntown redevelopment opportunities. More than 1,800 publicparking spaces are available throughout Downtown Kingsport.

The block is surrounded by regional and national operators including Starbucks, Food City, Beef ‘O’ Brady’s, Truist, FirstHorizon Bank, RegionsBank, HomeTrust Bank, and CrossFit, with City Hall, restaurants, retail, and downtown employers all within an easy walk.

Downtown Residential Momentum:Demand for quality downtown residential product continues strengthening throughout Kingsport. Over 1,200 residential permits have been issued in the last five years, resulting in approximately 2,500 new residential units downtown and nearby — a growing built-in customer and workforce base for street-level retail, hospitality, and services.

One recent exampleis the historic Sterchi Suites condominium development at 217 Broad Street, where a residence sold in July 2026 for approximately $265 per square foot, demonstrating buyer demand for renovated historic downtown living.

Historic Assetwith Limited Competition

Historic downtown buildings represent an inherently limited asset class. Unlike suburban commercial developments, additional historic inventory cannot be created. As Downtown Kingsport continues attracting new residents, businesses, restaurants, and visitors, existing historic buildings become increasingly valuable because of their authenticity, walkability, and redevelopment flexibility.

SecondFloor — Loft Residences or Professional Office

The ±5,000 SF upper level is the property’s clearest path to value creation, with two strongdirections:

• Residential Lofts — Subject to buyer verification and municipal approvals, the floor plate can accommodate approximately four loft residences with open layouts and exposed historic architectural elements, plus potential for a rooftop garden or amenity space (subject to engineering and city approvals).Downtown comps supportthe play: a condominium in the SterchiSuites building at 217 Broad Street sold in July 2026 for $319,000 — approximately $265/SF.
• Professional Office — The open plate suits a single-user office — law, accounting, technology, creative agency, or medical administration — or a multi-suite/coworking configuration serving downtown Kingsport’s growing professional community.

Either path layers new income on top of the existingretail cash flow — and the flexiblezoning means the decision can follow market demand rather than fight it.

Street-Level RetailIncome In Place

The ±5,000 SF ground floor is occupied by established retailtenants, including Cherie’s Boutique and PD Records, generating immediate in-place income that reduces holding costs while the second-floor plan comes together. The storefronts benefit from strongBroad Street visibility and consistent pedestrian traffic from surrounding restaurants, breweries, coffee shops, boutiques, and entertainment venues.

Why Kingsport — Steady GrowthWithout the Boom-BustRisk

Kingsport’s steady,measured growth is its quietadvantage. 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.

Kingsport buying powerper 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.

Construction Cost & Grant (DIG) Program

The same construction-cost advantage shown for multifamily holds true for retail and remodel work. Kingsport hard costs run meaningfully below peer markets across the board, and when paired with incentives — Opportunity Zone tax advantages, façade improvement grants, and the City's Redevelopment Grant andDowntown Loan programs —projects achieve a superior basisand stronger risk-adjusted returns.

Whether the buyer is repositioning the existing asset as a Hotel, Loft, F&B, or retail space or doing a full top-to-bottom remodel, the cost to build is substantially more affordable than what the same projectwould carry in Chattanooga, Knoxville, Nashville, or Asheville.

Facade Grant - Potential Renovation with NEW Windows

Façade Program Application

The purpose of the Facade Grant Program is to encourage the revitalization of building facades and to improve the aestheticsof the city’s Central BusinessDistrict with grantassistance through the Kingsport EconomicDevelopment Board (KEDB), for the City of Kingsport, Tennessee.

Redevelopment Program Application

The purpose of the Redevelopment Grant Program is to encourage the revitalization of building sites with special emphasis on improvement of the aesthetics in the city’s Central Business District with grant assistance through the Kingsport EconomicDevelopment Board (KEDB),for the City of Kingsport, Tennessee. Special emphasisis given to projects pertaining to the Central Business District, however; the grant is applicable to all parts of the city.

Visit the city website to learn more or click here: https://www.kingsporttn.gov/ecd/incentives

Carson Lee Jones

Carson Lee Jnes 615-212-5