Fully Leased Street-Level Retail in the Heart of Downtown Kingsport — 100% Occupied, Six Tenants | $619,000

FOR SALE  |  217 Broad St. (First Floor), Kingsport, TN 37660  |  Sale: $619,000

Fully Leased Street-Level Retail in the Heart of Downtown

Stabilized, fully leased commercial space in the historic core of Downtown Kingsport. The first floor of 217 Broad Street offers ±4,621 square feet of street-level commercial space, 100% occupied by six established tenants, in a beautifully renovated 1920 building on Kingsport's revitalized Broad Street corridor. High-end residential lofts occupy the second and third floors above, putting a built-in customer base directly on top of the storefronts. Unlike value-add projects that require lease-up, build-out, or repositioning, this property produces strong, diversified, stable cash flow from day one — collect rent from the first month of ownership.

Rent roll and full financials are available upon execution of a confidentiality agreement (NDA).

Year Built

1920 (renovated)

First-Floor Size

±4,621 SF

Occupancy

100% — six tenants

Zoning

B-2 — Central Business District (CBD)

Offered As

For Sale — $619,000

Diverse, Fully Leased Street-Level Tenant Mix

The first floor is occupied by a complementary mix of retail, personal service, wellness, and e-commerce tenants that generate consistent pedestrian activity throughout the day. The roster spans destination retail, boutique shopping, salon and beauty services, and massage therapy — creating a well-balanced income stream with limited concentration risk. No single industry dominates the rent roll, and the service tenants bring the kind of sticky, appointment-based clientele and recurring revenue that keep occupancy resilient through market cycles.

Current Tenants

• HBZ Sports Cards — regional destination for sports cards and collectibles; its e-commerce arm, Times Digital Group, operates the online store from the same location, extending sales well beyond foot traffic.
• Boomtown & Co. — boutique gift, apparel, and lifestyle retailer with a strong regional following and active downtown presence.
• Sneaks & Geeks — video games, sneakers, and collectible merchandise with an established repeat-customer base.
• Mane on Broad — full-service hair salon with sticky clientele and recurring monthly revenue.
• Lindsi Lashes — eyelash and esthetics studio serving loyal repeat clients.
• Shakti's Touch Massage & Bodywork — licensed massage and wellness practice with consistent appointment-based demand.

Retail destination, boutique shopping, entertainment and collectibles, personal services, beauty, wellness, and online commerce — that diversity reduces reliance on any single industry and creates multiple reasons for people to visit the block every day.

Ideal 1031 Exchange Replacement Property

Fully renovated, 100% occupied, and income-producing from day one, this property is an excellent 1031 exchange replacement asset. With a diversified rent roll and no lease-up or renovation risk, it offers a stable, low-friction acquisition for exchange buyers. Buyers should consult their qualified intermediary and tax advisor regarding 1031 requirements.

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.

What makes this property a rare opportunity is the location: the historic core of downtown, where the inventory is finite and effectively irreplaceable. You can't build more historic buildings, and the city isn't adding new ones to the downtown center anytime soon.

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.

Residential Lofts Above — A Built-In Customer Base

The second and third floors of 217 Broad Street are high-end residential lofts, placing residents — and their daily spending — directly above the storefronts. This mixed-use dynamic is exactly what downtown Kingsport's momentum is built on: over 1,200 residential permits issued in the last five years have added approximately 2,500 new residential units downtown and nearby, a growing built-in customer base for street-level retail and services on Broad Street.

Zoning: B-2 — Central Business District (CBD)

The property is located within the heart of Downtown Kingsport's B-2 Central Business District, one of the city's most flexible commercial zoning districts. B-2 is intended to encourage a vibrant, pedestrian-oriented downtown by allowing a broad mix of commercial, office, retail, restaurant, entertainment, residential, and mixed-use development. Permitted and commonly supported uses include retail storefronts, professional and medical offices, restaurants and coffee shops, personal service businesses, creative office and coworking space, entertainment venues, and multifamily/upper-floor residential conversions. The district is designed to support higher-density urban development while preserving the character of Downtown Kingsport — existing infrastructure, walkability, public parking, and nearby civic amenities make the location well suited for long-term investment.

Parking

A 364-space public parking garage is a 3-minute walk (~100 yards) from the building, and Downtown Kingsport offers 1,800+ public parking spaces overall.

$294M Capital Improvement Plan (2025–2029)

Kingsport, Tennessee is currently undergoing significant infrastructure and beautification efforts aimed at revitalizing its downtown and enhancing public spaces:

• Main Street Rebuild Project — revitalizing the downtown area from Market Street to Sullivan Street: new water, sewer, and stormwater lines, utilities moved underground, stamped brick crosswalks, landscaping, and bulb-outs.
• Downtown Public Art & Aesthetic Enhancements — vinyl utility-box wraps featuring local history and a comprehensive Downtown Master Plan by TSW Design.
• Riverwalk Park Expansion — $7.8 million BlueCross BlueShield of Tennessee Foundation grant adding amenities along the 11-mile Greenbelt.
• Residential Growth — over 1,200 residential permits issued in the last five years, adding roughly 2,500 new residential units.
• Industrial & Commercial Growth — redevelopment of the Dobyns-Taylor Warehouse and expansion of the IMAX theater at Fort Henry Mall.

Explore Kingsport

Explore Kingsport, TN dining at visitkingsport.com/eat-drink and outdoor activities at visitkingsport.com/explore. Dollywood (Pigeon Forge) is roughly 1 hour 34 minutes by car, the Smoky Mountains National Park north entrance is 90 miles away, and trout fishing is 5 minutes from downtown.

visitkingsport.com is referenced as a third-party resource to help prospective buyers learn more about Kingsport, TN — the city in which this property is located. All images, content, and trademarks on that website are the property of Visit Kingsport and do not depict the listed property. Visit Kingsport is not affiliated with, and does not endorse, this listing.

Contact the Listing Agent

Carson Lee Jones
615-212-5524
carson.jones@expcommercial.com

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, lease terms, and permitted uses with the appropriate authorities and their own professional advisors. Any references to 1031 exchange treatment are for illustrative purposes only; Section 1031 carries specific identification and closing deadlines and requirements, and prospective investors should consult their own qualified intermediary, tax advisor, attorney, and CPA before making any investment decision. eXp Commercial, LLC and its affiliates make no guarantee, warranty or representation, expressed or implied, about the information above, which is submitted subject to errors, omissions, price changes, prior sale, lease or financing, or withdrawal without notice.