Under Contract

1006 Gibson Mill Road

Kingsport, TN 37660

$750,000 $3,162/Mo

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Description

Rare investment opportunity! Located in the heart of Kingsport, this property offers multiple income-producing properties with excellent rental potential. After over 25 successful years of ownership and operation, the owners are ready to retire, creating an outstanding opportunity for investors to purchase a well-established, income-producing property with long-term potential. The property features a storefront commercial building currently occupied and operated by Holston Floral Shop, an 8-Unit Apartment Building featuring 1-bedroom, 1-bathroom units, A Duplex offering one 2-bedroom, 1-bathroom and one 1-bedroom, 1-bathroom unit, plus a Charming Cottage Style Home with 2 bedrooms and 1 bathroom. 9 units are currently rented, providing immediate income for the new owner. Holston Floral Shop is currently operating at the property. The storefront is currently set up and operating as a floral shop. The space offers a great opportunity for someone interested in continuing a floral business or creating their own storefront business. Whether you are looking to grow your investment portfolio or purchase a well-established multi-property investment, this opportunity offers immediate rental income and excellent long-term potential in a prime location with easy access to downtown Kingsport, shopping, restaurants, medical offices, and Holston Valley Medical Center.

Property Details

Property Type : Residential Income

Price : $750,000

AD Id : 78254189

MLS Id : 9995080

Year Built : 1930

County : Sullivan

Subdivision: Harrisburg

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Tile
Roofing Information

Metal
Interior Features

Roof: Metal Appliances: Electric Range, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Central, Heat Pump Has Cooling: Yes Cooling: Heat Pump, Wall Unit(s), Window Unit(s)

Building Information

Year Built: 1930 Building Area Total: 8759 Construction Materials: Brick, Vinyl Siding Private Pool: No

Property Information

Subdivision: Not In Subdivision Source Property Type: Residential Income Property SubType: Multi Family Levels: Two Property Age: 96

Listing Price Information

Listing Price: $750000

Tax Information

Parcel Number: 046g G 02500 000, 048g G 023 00, 046g G 024.00

Parking Information

Driveway, Attached, Shared Driveway

Garage Information

Has Attached Garage: Yes

School Information

Elementary School: Jackson

Junior High School: Sevier

Senior High School: Dobyns Bennett
Utility Information

Electricity Connected
Location Information

Direction: From Stone Drive in Kingsport to 1006 Gibson Mill Rd: Head toward downtown Kingsport on Stone Drive (US-11W). Turn onto Broad Street / Center Street area toward Gibson Mill Road. Follow Gibson Mill Road to 1006 Gibson Mill Rd, Kingsport, TN 37660. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
1246 Center Street, Kingsport, TN, 37660	$399,900	--	--	--
308 Sullivan Street, Kingsport, TN, 37660	$499,900	--	--	--
1108 Fairview Avenue, Kingsport, TN, 37660	$234,995	--	--	--

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1.28

Acres(Lot)

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Multifamily For Sale

1006 Gibson Mill Road,
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/18/2026 @ 21:38

MLS: 9995080 LISTED BY: Jody Jones Garrison, Crye-Leike Realtors 423-232-0099 SOURCE: TennesseeVirginia Regional MLS