453 E Main St
- 29,000 SF building
- 8 units
- Built in 1916
- Renovated in 2026
- Zoned B-2
- Located in Kingsport
- Multifamily / High-Rise investment opportunity
Property Description
453 E Main St | Downtown Kingsport Mixed-use opportunities of this scale and configuration rarely trade in this corridor. This asset combines 8 residential condo units with ±6,000 SF of street-level commercial in a true downtown location, creating a diversified income profile with clear operational upside for the next owner. The residential units provide dependable cash flow and strong occupancy fundamentals driven by downtown walkability and proximity to regional employers. There are eight finished condos with four different floor plans ranging from 1250 sf to 1350 sf. The commercial component presents the real play: lease-up, tenant repositioning, or conversion to higher-yield use. For the right buyer, this is a chance to materially move NOI rather than simply clip a coupon. From a brokerage standpoint, this checks multiple buyer boxes: 1031 replacement with scale but simple management footprint Value-add investors seeking retail/restaurant or office upside Buyers interested in a potential condo sell-off exit strategy Regional investors targeting Tri-Cities growth between Johnson City and Bristol Downtown Kingsport continues to benefit from public and private reinvestment, and assets that blend residential stability with commercial upside are increasingly scarce. Bring your investor who wants optionality, not just yield.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,600,000 |
| No. of Units: | 8 |
| Year Built: | 1916 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $575,000 |
| Property Website | Click Here |
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