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Listed by Highlands Real Estate| Sea Glass

$4,600,000

Est. payment - /mo

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23,155 SqFt

Active

453 Main St. Kingsport, TN 37660

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 23,155 sqft

Price per Sqft $198

Subdivision Kingsport

MLS Listing ID 109311

Year Built 1916

Annual Tax Amount $7,116

Tax Year 2025

Property Sub-Type Mixed Use

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 Kingsport

Zoning C

Interior

Interior Features Carbon Monoxide Detector, Elevator

Heating Central, Electric, Heat Pump, Ductless

Cooling Central Air, Heat Pump, Ductless

Flooring Vinyl, Other

Exterior

Exterior Feature Security, See Remarks, Other

Parking Features Parking 25+ Spaces

Garage Spaces 25.0

Fence Fenced

Utilities Available Electricity Connected, Natural Gas Connected, Separate Meters, Other

View Y/N No

Water Access Desc Public

Roof Type Rubber

Total Parking Spaces 25

Garage No

Building

Lot Description City Lot, Plat Recorded

Story Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

Others

Acceptable Financing 060eb2225c686726de243daf278a5b58

Listing Terms 060eb2225c686726de243daf278a5b58

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453 Main St. Kingsport, TN 37660

Property Executives

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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