63,300 SqFt
63,300 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 63,300 sqft
Price per Sqft $18
Subdivision City Of Kingsport
MLS Listing ID 9997399
HOA Y/N No
Total Fin. Sqft 63300
Year Built 1958
Lot Size 0.590 Acres
Acres 0.59
Lot Dimensions 99.57X242.5 IRR
Source Tennessee/Virginia Regional MLS
Property Description
Investors, developers, and visionaries--this is your chance to own one of downtown Kingsport's most exciting redevelopment opportunities! Offering approximately 63,300 square feet, this massive red iron steel commercial building is a rare blank canvas with unlimited possibilities.
Whether your vision includes luxury loft apartments, mixed-use retail, office space, restaurants, entertainment venues, self-storage, event space, or a combination of commercial and residential uses, this property is ready for transformation. Enjoy breathtaking views overlooking downtown Kingsport and long-range views of Bays Mountain--an ideal backdrop for a landmark development.
Property Features:
Approximately 63,300 square feet
Durable red iron steel construction
Brand-new roof (2026)
Three loading dock garage doors, including one new overhead door
Concrete floors throughout
Working fire sprinkler system
Two large front stairways with interior and exterior access
Two rear stairwells for additional accessibility
Six bathrooms, including two with showers and changing rooms
Existing office space on the first and third floors
Freight/passenger elevator converted from three-phase to 220V (controls and final inspection needed)
New sump pumps installed in both elevator pits
First floor has already been cut for future water line installation, making future development easier
The building has been stripped to the fire-rated walls, creating an excellent opportunity for a complete custom build-out. Much of the existing electrical infrastructure may be repurposed, although buyers should anticipate electrical upgrades. A rooftop natural gas heating system is in place but should be evaluated, with replacement expected.
An asbestos report is available upon request. Only a few isolated areas contain asbestos, and portions have already been professionally removed. A previous estimate for replacing windows and doors on two floors was approximately $160,000.
Properties of this size and location rarely become available. With its prominent downtown location, incredible views, and flexible floor plan, this building offers tremendous upside for the right investor.
The current owner is available to personally walk qualified buyers through the property, explain the improvements already completed, and discuss the tremendous redevelopment potential.
Bring your imagination and create the next signature destination in downtown Kingsport! Buyer and buyers agent to confirm all information
Location
State TN
County Sullivan
Community City Of Kingsport
Area 0.59
Zoning B 2
Direction Center St to Broad St
Interior
Hot Water true
Heating Hot Water
Cooling Heat Pump
Equipment Delivery Doors, Display Window, Elevator, Fire Alarm, Freight Elevator, Garage Bay(s), Inside Storage, Lighting-Fluorescent, Loading Dock(s)
Heat Source Hot Water
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Rubber
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Others
Senior Community No
Tax ID 046i E 018.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOL & BUSINESS
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States