$2,000,000
Kingsport, TN 37664
MLS# 9994069
31856 sqft

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Property Description
Positioned along one of Kingsport's most traveled corridors, 2450 Memorial Blvd. offers a rare opportunity to acquire a highly adaptable commercial asset in a proven, stable market area. This 31,656 SF building--originally constructed as a grocery store--features approximately 25,520 SF of finished space currently configured into two separate units, with the flexibility to combine into a single contiguous footprint. The structure is modern and durable, built with steel and block construction and topped with a metal roof, providing long-term reliability and low maintenance. Interior functionality is enhanced by 14-foot ceilings and an 18-foot overall clear height, making it well-suited for a wide range of commercial applications. The property sits on a level site with 112+ parking spaces, offering excellent accessibility and convenience for customers, employees, and service operations. With frontage and access from multiple-lane city streets on two sides, the location provides strong visibility and efficient traffic flow. A detached exterior loading dock further supports distribution, retail, or light industrial uses. Zoned B3 (Highway Business), the property allows for an extensive array of uses, making it ideal for investors, owner-users, or developers seeking flexibility. Potential applications include retail, office/warehouse, professional or consumer services, fitness or medical facilities, restaurants, breweries or distilleries, automotive sales, indoor storage, educational or community uses, and entertainment venues--among many others. Utilities include natural gas, public water, and public sewer, ensuring readiness for immediate occupancy or redevelopment. The surrounding area is designated as ''stable'' by the City of Kingsport, reinforcing long-term value and investment confidence. Whether repositioned as a retail hub, service center, mixed-use commercial space, or specialty facility, this property offers scale, flexibility, and a prime location to support a wide variety of business ventures.
Details
Maps
Location, Tax & Legal Info
Lot #: 1-9
Parcel ID: 062h A 005.00
Block: 240
Deed Book #: 3262
Deed Page #: 1912
City Taxes: 11036.63
County Taxes: 10612.88
Contract Info
List Price/SqFt: 62.78
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 2000000
Current Price: $2,000,000
Listing Date: 2026-04-17
General Property Description
Road Frontage Length: 534
Acres: 2.77
Lease: Yes
Lot Size: 298' x 392' IRR
Zoning: B 3
HOA Y/N: No
Stories: 1
Total SqFt Finished: 25520
Total SqFt Unfinished: 6336
# Parking Spaces: 112
# Restrooms: 4
Annual Lease $: 286704
$ Lease/SqFt: 9
Year Built: 1983
Total SqFt: 31856
Remarks & Misc
Public Remarks: Positioned along one of Kingsport's most traveled corridors, 2450 Memorial Blvd. offers a rare opportunity to acquire a highly adaptable commercial asset in a proven, stable market area.
This 31,656 SF building--originally constructed as a grocery store--features approximately 25,520 SF of finished space currently configured into two separate units, with the flexibility to combine into a single contiguous footprint. The structure is modern and durable, built with steel and block construction and topped with a metal roof, providing long-term reliability and low maintenance. Interior functionality is enhanced by 14-foot ceilings and an 18-foot overall clear height, making it well-suited for a wide range of commercial applications.
The property sits on a level site with 112+ parking spaces, offering excellent accessibility and convenience for customers, employees, and service operations. With frontage and access from multiple-lane city streets on two sides, the location provides strong visibility and efficient traffic flow. A detached exterior loading dock further supports distribution, retail, or light industrial uses.
Zoned B3 (Highway Business), the property allows for an extensive array of uses, making it ideal for investors, owner-users, or developers seeking flexibility. Potential applications include retail, office/warehouse, professional or consumer services, fitness or medical facilities, restaurants, breweries or distilleries, automotive sales, indoor storage, educational or community uses, and entertainment venues--among many others.
Utilities include natural gas, public water, and public sewer, ensuring readiness for immediate occupancy or redevelopment. The surrounding area is designated as ''stable'' by the City of Kingsport, reinforcing long-term value and investment confidence.
Whether repositioned as a retail hub, service center, mixed-use commercial space, or specialty facility, this property offers scale, flexibility, and a prime location to support a wide variety of business ventures.
Directions: In Kingsport at the corner of E Center Street and Memorial Blvd.
Property Condition
Above Average: 1
Average: 1
Business Type
Grocery: 1
Office/Showroom: 1
Professional/Office: 1
Retail: 1
Exterior Finish
Block: 1
Other Equipment
Delivery Doors: 1
Exterior Lights: 1
Fire Sprinkler System: 1
Garage Bay(s): 1
Lighting-Fluorescent: 1
Loading Dock(s): 1
Roof
Metal: 1
Road Access
City Street: 1
Electric Service
440 Volts: 1
Development Status
Infrastructure In: 1
Heating
Central: 1
Natural Gas: 1
Info Available
Floor Plan: 1
AC
Central Air: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
Right of Way: 1
Easements
Power Line: 1
Rec. Right of Way: 1
Financing
Conventional: 1
Existing Finance
None: 1
Sale Includes
For Lease: 1
Location Tax Legal Info
Street #: 2450
Street Name: Memorial
St Suffix: Boulevard
County: Sullivan
State/Province: TN
Zip Code: 37664
Area: 413 - Downtown,Greenfields,Hillcrest
Subdivision: Not In Subdivision
Property Features
Property Condition: Above Average; Average
Business Type: Grocery; Office/Showroom; Professional/Office; Retail
Exterior Finish: Block
Other Equipment: Delivery Doors; Exterior Lights; Fire Sprinkler System; Garage Bay(s); Lighting-Fluorescent; Loading Dock(s)
Roof: Metal
Electric Service: 440 Volts
Development Status: Infrastructure In
Heating: Central; Natural Gas
AC: Central Air
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: Floor Plan
Restrictions: Right of Way
Easements: Power Line; Rec. Right of Way
Financing: Conventional
Existing Finance: None
Sale Includes: For Lease
Listing Office: TCI Group - Jerry Petzoldt Agency, LLC
Last Updated: April - 17 - 2026
Information deemed reliable but not guaranteed.