Steve & Lisa Lohoff

Steve's Cell: (423)416-0629
Lisa's Cell: (423)571-9100

453 Main Street, Kingsport, TN 37660 (MLS # 9992800)

Price $4,600,000
Status Active
Size 23,000 sqft
Lot Size 17,860 sqft
Days on Market 5
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.
Property Type(s): Commercial
Last Updated 3/24/2026 Year Built 2026
Community 413 - Downtown,Greenfields,Hillcrest County Sullivan

Additional Details

AIR Central Air, Wall Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Refrigerator, Washer
AREA 413 - Downtown,Greenfields,Hillcrest
CONSTRUCTION Brick
HEAT Central, Electric, Other
INTERIOR Elevator
LOT 0.41 acre(s)
LOT DIMENSIONS 150'x60'x50'x93'x101'x150'
SEWER Public Sewer
WATER Public

Location

 

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