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223 Commerce St
KINGSPORT, TN 37660-4318
Asking Price
$1.31M
Asset Type
Flex Retail
Class
Class B
What's Special
Owner-Operator Ready | ±11,250 SF Opportunity Zone | <p>±11,250 SF historic downtown building — multi-address configuration (215 & 223 Commerce) inside a single structure</p><p></p><p>B-2 Central Business District zoning — one of Kingsport's most flexible, use-permissive classifications.</p><p></p><p>All leases temporary by design — underwrite in-place income and take occupancy on your timeline (vacancy on demand)</p><p></p><p>Industrial-size overhead doors in the flex bay — drive-in capable for showroom, supply, or light-fabrication uses</p><p></
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NOI
$80,000
Cap Rate
6.08%
DSCR
1.02
Tight
Cash-on-Cash
0.49%
Monthly Payment
$6,505.903
Annual Cash Flow
$1,929.17
