453 Main ST, Kingsport, TN 37660
453 Main ST, Kingsport, TN 37660
453 Main ST, Kingsport, TN 37660
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$4,600,000
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23,000 SqFt
Active

453 Main ST Kingsport, TN 37660

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Lori Hallatt

Lori Hallatt

+1(309) 826-6641

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 23,000 sqft

Price per Sqft $200

MLS Listing ID 9992800

HOA Y/N No

Total Fin. Sqft 23000

Year Built 2026

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 150'x60'x50'x93'x101'x150'

Source Tennessee/Virginia Regional MLS

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.

Location

State TN

County Sullivan

Area 0.41

Zoning Commercial

Direction 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.

Interior

Heating Central, Electric, Other, Electric

Cooling Central Air, Wall Unit(s)

Equipment Basement, Dishwasher, Dryer, Dumpster, Elevator, Exterior Lights, Fire Sprinkler System, Range, Refrigerator, Security Fence, Washer

Heat Source Central, Electric, Other

Exterior

Roof Type Rubber

Road Frontage City Street, Easement, Dedicated

Building

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 046p F 004.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Taylor Bettis • Highlands Real Estate Sea Glass

NEARBY SCHOOL & BUSINESS

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Lori Hallatt

Lori Hallatt

Agent | License ID: 360450

+1(309) 826-6641

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453 Main ST