300 E Sullivan St Kingsport, TN 37660
Downtown Kingsport NeighborhoodEstimated payment $4,068/month
Highlights
- No HOA
- Cooling Available
- Heat Pump System
- Abraham Lincoln Elementary School Rated A-
- Level Lot
About This Home
Seize this rare opportunity to own a partially renovated mixed-use building in the heart of downtown Kingsport, located in a Tax Opportunity Zone—offering significant financial incentives for restoration and development!
This property features three spacious residential lofts upstairs, a 2-bedroom, 1-bath unit downstairs, and a high-visibility ground-floor retail space—a perfect setup for maximizing rental income or creating a live-work space. Drywall is currently being installed, bringing this project one step closer to completion.
With brand-new plumbing and electrical systems already in place, the heavy lifting is done—now it's your chance to bring your vision to life! The lofts boast high ceilings and oversized windows, creating bright, modern living spaces. The retail storefront enjoys excellent foot traffic and exposure, making it ideal for a business or leasing opportunity.
Adding to the value, the building comes with in-box appliances and fixtures ready for installation, giving you the freedom to customize the interiors to your style and specifications.
Situated in prime downtown Kingsport, this property is just steps from shops, restaurants, and cultural landmarks, making it an attractive option for tenants and business owners alike. As renovations progress, property values will only increase—act now to secure this high-potential investment before it's gone!
Don't miss this chance to create a premier income-producing property—schedule your tour today!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 3,049 Sq Ft Lot
- Level Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
Schools
- Lincoln Elementary School
- Sevier Middle School
- Dobyns Bennett High School
Utilities
- Cooling Available
- Heat Pump System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 046p D 018.00
- Tax Block 156
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $40,320 | $5,160 | $35,160 |
| 2023 | $1,776 | $40,320 | $5,160 | $35,160 |
| 2022 | $1,776 | $40,320 | $5,160 | $35,160 |
| 2021 | $1,727 | $40,320 | $5,160 | $35,160 |
| 2020 | $953 | $40,320 | $5,160 | $35,160 |
| 2019 | $1,718 | $37,080 | $5,160 | $31,920 |
| 2018 | $1,678 | $37,080 | $5,160 | $31,920 |
| 2017 | $1,678 | $37,080 | $5,160 | $31,920 |
| 2016 | $1,409 | $30,320 | $5,160 | $25,160 |
| 2014 | $1,326 | $30,311 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Price Changed | $725,000 | -6.5% | -- |
| 04/07/2025 04/07/25 | Price Changed | $775,000 | -8.8% | -- |
| 02/26/2025 02/26/25 | Price Changed | $850,000 | -5.6% | -- |
| 10/18/2024 10/18/24 | For Sale | $900,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $305,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $100,000 | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $255,000 | Construction |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9972460
APN: 046P-D-018.00
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