Urban Lofts, Boutique Hotel & Signature Rooftop Bar with Elevator

Historic downtown Kingsport site with exceptional visibility along Broad Street, adjacent to City Hall, restaurants, retail, entertainment, and public parking near the city’s redevelopment core. Prime Downtown Kingsport Redevelopment Opportunity 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. 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 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. Originally constructed in 1927 as the First National Bank of Kingsport, this iconic 26,100± SF historic landmark offers three stories plus a historic cellar and an expansive rooftop deck, creating one of the most distinctive redevelopment opportunities in Downtown Kingsport. Featuring an elegant marble and limestone facade, exposed brick interiors, soaring ceilings, original architectural details, an intact bank vault, passenger elevator, and prime Opportunity Zone location, the property presents exceptional potential for adaptive reuse as mixed-use, hospitality, residential, office, entertainment, or retail. What truly sets this offering apart is the opportunity to combine the property with neighboring downtown buildings under common ownership, allowing developers to create an entire walkable hospitality district. Rather than redeveloping a single building, investors have the rare opportunity to assemble multiple historic structures into a cohesive destination featuring boutique lodging, urban lofts, restaurants, entertainment venues, rooftop experiences, retail, and other complementary hospitality uses in the heart of Downtown Kingsport. Zoning & Location Advantages Located within Kingsport's B-2 Central Business District, the property supports an extensive variety of permitted and conditional uses designed to encourage downtown redevelopment and investment. Potential uses include: boutique hotel; lifestyle or extended-stay hotel; urban loft apartments; mixed-use development; restaurants and cafés; rooftop dining and entertainment; bars, lounges, breweries or distilleries; retail storefronts; professional offices; medical and wellness uses; event venues; co-working and creative office space; educational or training facilities; galleries and studios; private clubs; and entertainment conceptsIconic historic landmark space for lease in downtown Kingsport, TN at 255 Broad St. A prominent, character-rich building in a high-visibility location ideal for a variety of uses. Competitive Tenant Improvement & Free Rent Packages Available.