130 Broad St
Kingsport, TN 37660
Urban Loft & Retail Redevelopment · Commerce de détail Propriété À vendre

Retail Income Below. Loft or Office Upside Above.
100% Leased Ground Floor. Rear Parking
Located at the intersection of Broad Street, the property occupies one of the highest-profile commercial streets in Downtown Kingsport. The surrounding district continues to benefit from ongoing public and private investment while attracting new restaurants, breweries, retail concepts, galleries, entertainment venues, and residential redevelopment.
The building sits within a 100 yards of Downtown Kingsport’s newest public parking garages — an amenity rarely available to historic downtown redevelopment opportunities. More than 1,800 public parking spaces are available throughout Downtown Kingsport.
The block is surrounded by regional and national operators including Starbucks, Food City, Beef ‘O’ Brady’s, Truist, First Horizon Bank, Regions Bank, HomeTrust Bank, and CrossFit, with City Hall, restaurants, retail, and downtown employers all within an easy walk.
Downtown Residential Momentum:Demand for quality downtown residential product continues strengthening throughout Kingsport. Over 1,200 residential permits have been issued in the last five years, resulting in approximately 2,500 new residential units downtown and nearby — a growing built-in customer and workforce base for street-level retail, hospitality, and services.
One recent example is the historic Sterchi Suites condominium development at 217 Broad Street, where a residence sold in July 2026 for approximately $265 per square foot, demonstrating buyer demand for renovated historic downtown living.

Historic Asset with Limited Competition
Historic downtown buildings represent an inherently limited asset class. Unlike suburban commercial developments, additional historic inventory cannot be created. As Downtown Kingsport continues attracting new residents, businesses, restaurants, and visitors, existing historic buildings become increasingly valuable because of their authenticity, walkability, and redevelopment flexibility.
Second Floor — Loft Residences or Professional Office
The ±5,000 SF upper level is the property’s clearest path to value creation, with two strong directions:
• Residential Lofts — Subject to buyer verification and municipal approvals, the floor plate can accommodate approximately four loft residences with open layouts and exposed historic architectural elements, plus potential for a rooftop garden or amenity space (subject to engineering and city approvals). Downtown comps support the play: a condominium in the Sterchi Suites building at 217 Broad Street sold in July 2026 for $319,000 — approximately $265/SF.
• Professional Office — The open plate suits a single-user office — law, accounting, technology, creative agency, or medical administration — or a multi-suite/coworking configuration serving downtown Kingsport’s growing professional community.
Either path layers new income on top of the existing retail cash flow — and the flexible zoning means the decision can follow market demand rather than fight it.
Street-Level Retail Income In Place
The ±5,000 SF ground floor is occupied by established retail tenants, including Cherie’s Boutique and PD Records, generating immediate in-place income that reduces holding costs while the second-floor plan comes together. The storefronts benefit from strong Broad Street visibility and consistent pedestrian traffic from surrounding restaurants, breweries, coffee shops, boutiques, and entertainment venues.
Why Kingsport — Steady Growth Without the Boom-Bust Risk
Kingsport’s steady, measured growth is its quiet advantage. Fast-growing markets like Nashville often overbuild during boom cycles and pay for it in vacancy spikes. Kingsport doesn’t carry that risk. Commercial fundamentals here are unusually tight across every sector — Office at 4.0% vacancy, Retail at 1.5%, and Multifamily at 5.6%, all outperforming national averages.
Kingsport buying power per dollar of retail rent is 10% to 24% higher than Knoxville, Nashville, and Asheville, NC. This metric is critical: rent is ultimately funded by tenant revenue, which is directly tied to the purchasing power of the surrounding population. In Kingsport, that relationship is more favorable.
Construction Cost & Grant (DIG) Program
The same construction-cost advantage shown for multifamily holds true for retail and remodel work. Kingsport hard costs run meaningfully below peer markets across the board, and when paired with incentives — Opportunity Zone tax advantages, façade improvement grants of up to $50,000, and the City's Redevelopment Grant and Downtown Loan programs — projects achieve a superior basis and stronger risk-adjusted returns.
Whether the buyer is repositioning the existing asset as a Hotel, Loft, F&B, or retail space or doing a full top-to-bottom remodel, the cost to build is substantially more affordable than what the same project would carry in Chattanooga, Knoxville, Nashville, or Asheville.


Investment Highlights
• ±10,000 SF historic mixed-use building — approximately 5,000 SF per floor on a 6,950 SF lot
• Income-producing street-level retail tenants in place, including Cherie’s Boutique and PD Records
• Second floor ready for loft residential (±4 units potential) or professional office conversion
• Potential rooftop garden or amenity space (subject to engineering and municipal approvals)
• Purchase price of approximately $55/SF — well below replacement cost
• B-2 Central Business District zoning — one of Kingsport’s most flexible classifications
• Qualified Opportunity Zone location — significant federal tax advantages available
• Prime Broad Street frontage with excellent walkability and abundant nearby public parking
Ideal Buyer
• Private investors seeking stable cash flow with a clear value-add path
• Residential loft developers and adaptive reuse specialists
• Owner-user professional firms seeking second-floor occupancy with retail income below
• Opportunity Zone investors and family offices
• Long-term investors focused on irreplaceable downtown assets

Disclaimer: All information contained herein has been obtained from sources deemed reliable; however, no representation or warranty is made as to its accuracy. Prospective purchasers should verify all square footage, zoning compliance, tenant occupancy, Opportunity Zone boundaries, permitted uses, unit counts, rooftop feasibility, and redevelopment approvals with the appropriate authorities and their own professional advisors. Any references to Opportunity Zone treatment or prior sale comparables are for illustrative purposes only; prospective investors should consult their own qualified tax advisor, attorney, and CPA before making any investment decision.