300 East Sullivan Street Kingsport, TN 37660
Listing Courtesy of: TENNESSEE VIRGINIA / Century 21 Legacy / Lisa Scott

  300 East Sullivan Street Kingsport, TN 37660

Active (5 Days)

Description

Welcome to a multifamily investment opportunity in the heart of downtown Kingsport, located in a Tax Opportunity Zone, providing valuable financial incentives for restoration and development! This partially renovated building offers three spacious residential lofts upstairs, an additional 2-bedroom, 1-bath unit downstairs, and a ground-floor retail space, giving you incredible flexibility for income generation and owner-occupier potential.

With brand-new plumbing and electrical systems already installed, the heavy lifting has been done—now it's time to bring your creativity and finish the lofts and retail space to your specifications. Each loft features high ceilings and large windows, offering modern, open living spaces. The retail space provides excellent visibility and high foot traffic, making it ideal for leasing to a business or for personal use.

The building comes with in-box appliances and fixtures ready for installation, offering you the freedom to customize and complete the interiors to your liking. Situated in a prime downtown Kingsport location, you'll be just steps from shops, restaurants, and cultural landmarks, enhancing the appeal for both residential tenants and retail clients.

This is a rare chance to secure a mixed-use property with financial benefits from the Tax Opportunity Zone, at a price that will increase as work progresses. Whether you're looking for rental income, business potential, or a unique live-work space, this building offers limitless possibilities! Act now and transform this property into a top-tier investment!

MLS #:
9972460
Lot Size
3,049 SQFT
Type
Multifamily
Year Built
1920
Style
Other
County
Sullivan County

Listed By

Lisa Scott, Century 21 Legacy
Source
TENNESSEE VIRGINIA
Last checked Oct 22 2024 at 5:55 AM GMT-0500
Bathroom Details
Lot Information
  • Level
Heating and Cooling
  • Heat Pump
Utility Information
  • Sewer: Public
School Information
  • Elementary School: Lincoln
  • Middle School: Sevier
  • High School: Dobyns Bennett
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Mortgage calculator estimates are provided by C21 Legacy and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Tennessee Virginia Regional MLS. All rights reserved. This information is deemed reliable, but not guaranteed. 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. Data last updated 10/21/24 22:55