Address
453 East Main Street, Kingsport, TN
Price
$ 4,600,000
Property Attributes
- MLS#9992800
- TypeCommercial
- Listing Status Active
- CountySullivan
- CityKingsport
- AreaDowntown,Greenfields,Hillcrest
- Zip37660
- Style
- Year Built2026
- Taxes$ 7116
- Price$ 4,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage23000
- Lot Size0.41 Acres
Data Source:
Tennessee Virginia Regional MLS (NETAR)
Property Description
Positioned in the heart of downtown Kingsport, 453 E. Main Street presents an historically significant landmark offering a rare opportunity to acquire a mixed use asset combining eight beautifully built condominium units consisting of 4 floor plans and between 1250 and 1350 sf and approximately 6000 square feet of street level commercial space. This offering represents a scarce downtown mixed-use opportunity with built-in diversification and clear upside in a growing regional market. With a total of approximately 23,000 square feet, this property offers investors a compelling blend of in-place income, value-add potential and multiple exit strategies within the Tri-Cities area. This is a rare multi-use offering that contains gated, on premises parking and a brand new elevator. This is truly a ''lock and leave'' property. The residential component provides consistent cash flow and demand-driven occupancy, while the commercial space offers significant upside through lease-up, repositioning, or conversion to higher-yield tenancy. The asset's configuration allows for both stable long-term hold strategies and incremental value creation through operational improvements and rent optimization. Located along East Main Street, the property benefits from walkability, visibility, and proximity to regional economic drivers, with easy access to Johnson City and Bristol. Continued investment and revitalization in downtown Kingsport support long-term appreciation and tenant demand across both residential and commercial sectors. Stabilizing and increasing NOI through leasing and rent adjustments; repositioning the commercial component to attract destination retail, restaurant, or office users; executing a condo sell-off strategy to unlock individual unit value and leveraging the asset as a 1031 exchange replacement with scale and flexibility are just a few of the strategic pathways an investor may capitalize on. All information deemed reliable. Buyer and Buyers Agent shall confirm.
| Price History | |
|---|---|
| 3/24/2026 | Listed $4,600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central,Electric,Other |
| Cooling | Central Air,Wall Unit(s) |
| Roof | Rubber |
| Development Status | Infrastructure In,See Remarks |
| Zoning | Commercial |
| Construction Materials | Brick |
| Year Built | 2026 |
| Electric | Other |
| Business Type | Professional/Office,Residential,Restaurant,Retail |
| County | Sullivan |
| New Construction | false |
| Property Type | Commercial Sale |
| HOA | false |
| Status | Active |
| Directions | From I 26 West take exit 4. Continue straight onto Old Wilcox Dr/S Wilcox Dr. Continue to follow S Wilcox Dr 2.6 mi. Turn left onto E Sullivan St 0.2 mi Slight left onto E Main St. Destination will be on the left. |
| City | Kingsport |
| MLS Area | 413 - Downtown,Greenfields,Hillcrest |
| Lot Size Units | Acres |
| Lot Size Square Feet | 17859.6 |
| Property Condition | Above Average |
| MLS Area Minor | 413 - Downtown,Greenfields,Hillcrest |
| Standard Status | Active |
| Conventional | true |
| Cash | true |
Interior Features
| Air Conditioning Y/N | true |
|---|---|
| Heating Y/N | true |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 25 |
| Lot Size Area | 0.41 |
| Building Area Total | 29000 |
| Lot Dimensions | 150'x60'x50'x93'x101'x150' |
| Lot Size Acres | 0.41 |
| Road Frontage Type | City Street,Easement,Dedicated |
| Other Equipment | Basement,Dishwasher,Dryer,Dumpster,Elevator,Exterior Lights,Fire Sprinkler System,Range,Refrigerator,Security Fence,Washer |
| Exterior_sp_Finish_co_Brick4 | true |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 37660
Price
Taxes
Year Built
Tennessee Virginia Regional MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS ® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
