$275,000
Kingsport, TN 37663
MLS# 9963069



Kingsport, TN 37663
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Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663 Kingsport, TN 37663

Property Description
Welcome to Lots 4/5 Lebanon Road in Colonial Heights; an exceptional investment opportunity nestled in Kingsport, TN. Zoned R3; this 20 Unit development presents a prime chance to expand your portfolio in one of Tennessee's most thriving real estate markets. Features include Prime Location: Conveniently situated in a sought-after area in Kingsport right off I-81 and Highway 36. These Lots sit directly across Ashley Oaks; an established townhome community. Offering easy access to local amenities, schools, and major transportation routes. Infrastructure: Sewer offered (See Attached Utility Map) at three corners of the properties and 238 foot of Road frontage off Lebanon Road. Income Potential: With a consistent demand for Rental Properties/Townhomes/Condos in the Tri- Cities, these lots promise a lucrative income stream for investors. Proximity to shopping centers, restaurants, and entertainment options, offering residents a vibrant lifestyle. Easy access to major employers and educational institutions, appealing to a diverse tenant base. Minutes to Warriors Path State Park provides opportunities for outdoor enjoyment and leisure activities. Don't miss out on this rare opportunity to acquire a well-positioned R3 Development in East Tennessee's thriving market. Whether you're a seasoned investor or developer, Lots 4/5 Lebanon Rd presents an excellent chance to capitalize on the demand for quality housing. All information herein deemed reliable but subject to buyers' verification.

Details
Location, Tax & Legal Info
County: Sullivan
State/Province: TN
Zip Code: 37663
Area: 407 - Col. Heights to Fordtown
Subdivision: Not In Subdivision
City Taxes: 217.31
County Taxes: 261.68
Lot #: 4/5
Deed Book #: 3565
Deed Page #: 2036/203623011713
Parcel ID: 092j B 004.00 & 092j B 003.00
Contract Info
Status: Active
Listing Price: 275000
Current Price: $275,000
List Price/Acre: 208333.33
Listing Date: 2024-03-13
Buyer Broker: Yes
Buyer Broker Comm: 3
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Road Frontage Length: 238
Lot Size: 415x277 IRR
Lot Size SqFt: 57499
Acres: 1.32
Zoning: R3
Elementary School: John Adams
Middle School: Robinson
High School: Dobyns Bennett
Home Warranty: No
HOA Y/N: No
Remarks & Misc
Public Remarks: Welcome to Lots 4/5 Lebanon Road in Colonial Heights; an exceptional investment opportunity nestled in Kingsport, TN. Zoned R3; this 20 Unit development presents a prime chance to expand your portfolio in one of Tennessee's most thriving real estate markets. Features include Prime Location: Conveniently situated in a sought-after area in Kingsport right off I-81 and Highway 36. These Lots sit directly across Ashley Oaks; an established townhome community. Offering easy access to local amenities, schools, and major transportation routes. Infrastructure: Sewer offered (See Attached Utility Map) at three corners of the properties and 238 foot of Road frontage off Lebanon Road. Income Potential: With a consistent demand for Rental Properties/Townhomes/Condos in the Tri- Cities, these lots promise a lucrative income stream for investors. Proximity to shopping centers, restaurants, and entertainment options, offering residents a vibrant lifestyle. Easy access to major employers and educational institutions, appealing to a diverse tenant base. Minutes to Warriors Path State Park provides opportunities for outdoor enjoyment and leisure activities. Don't miss out on this rare opportunity to acquire a well-positioned R3 Development in East Tennessee's thriving market. Whether you're a seasoned investor or developer, Lots 4/5 Lebanon Rd presents an excellent chance to capitalize on the demand for quality housing. All information herein deemed reliable but subject to buyers' verification.
Directions: -I81/HWY36 Colonial Heights Exit -Navigate towards Kingsport via Fort Henry Rd -Turn Left on Lebanon Rd -Sign on Left across from Ashley Oaks Subdivision
Property Features
Property Condition: Above Average; Average
Land Type: Commercial; Lot/Tract; Residential; Subdevelopment
Lot Features: Rolling Slope
Road Access: 2 Lane Road; City Street
Road Surface Type: Paved
View: Pasture
Info Available: Aerial; See Remarks
Access/Trans: Interstate 1 Mile or Less
Water: Public
Sewer: At Road
Easements: None
Utilities: Cable Available; Electricity Available

Listing Office: Coldwell Banker Security Real Estate

Last Updated: May - 13 - 2024


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.


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