$2,990,000
PENDING

Estimated payment $18,858/month

Total Views 3,941
71 Acres
$42,053 Price per Acre
3,097,116 Sq Ft Lot

Highlights

  • 71.1 Acre Lot
  • No HOA
  • Lot Has A Rolling Slope
  • Mountain View

About This Lot

DEVELOPERS - Mixed Use Development Opportunity with Survey, Engineering and Permitting Approval Already in Place. Zoned R3 and READY TO DIG.

Unlock the potential of prime real estate with this unparalleled opportunity on Shipp Springs Rd. Spanning approximately 71 acres, this mixed-use development site is a visionary's dream, boasting a coveted land disturbance/grading permit already in place.

Situated within the City Limits of Kingsport, this property has seamlessly integrated into the urban landscape, offering a strategic location for transformative growth. The stamp of approval from the Kingsport City Council for high-density residential development sets the stage for immediate action, signaling a green light for progress.

With the flexibility to accommodate 15 units per acre, the canvas is vast and the possibilities endless. From modern apartments to single-family attached and detached homes, the potential for crafting diverse living spaces is boundless. Whether catering to buyers or renters, the opportunity to shape vibrant communities is at your fingertips.

Embark on this journey of development with confidence, knowing that the City of Kingsport is committed to supporting your vision. Significant off-site improvements, totaling upwards of $1 million, will be covered by the city, further enhancing the appeal and feasibility of this project.

Delve into the details outlined in the attached Offering Memorandum and seize the chance to redefine urban living in Kingsport. Contact us today to capitalize on this rare opportunity and become a catalyst for positive change on Shipp Springs Rd. The future awaits, and it begins here.

Listing Agent

Ed Mahaffey

TCI GROUP-JERRY PETZOLDT AGENCY, LLC License #355986 Listed on: 06/15/2024

Property Details

Property Type

  • Land

Lot Details

  • 71.1 Acre Lot
  • Lot Has A Rolling Slope
  • Property is in good condition
  • Property is zoned R3

Schools

  • Ketron Elementary School
  • Sullivan Heights Middle School
  • West Ridge High School

Additional Features

  • Mountain Views
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 030o A 015.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: Enter property from Woodmont Ave. off Stone Dr. Call Agent for specific directions.
  • Prop. Type: Land
  • Road Frontage Type: City Street
  • Subdivision Name: Not In Subdivision
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 030o A 015.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 71.1
  • General Property Description Zoning2: R3
  • General Property Description Elementary School3: Ketron
  • General Property Description Middle School2: Sullivan Heights Middle
  • General Property Description High School3: West Ridge
  • General Property Description HOA YN: No
  • Property Condition Above Average: Yes
  • General Property Description Home Warranty: No
  • View Mountain(s): Yes
  • Utilities Electricity Available: Yes
  • Water At Road2: Yes
  • Sewer At Road: Yes
  • Lot Features Rolling Slope2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Property Condition: Above Average
  • Lot Features: Rolling Slope, See Remarks
  • View: Mountain(s)
  • Acres: 71.1
  • Home Warranty: No

Utilities

  • Sewer: At Road
  • Utilities: Electricity Available
  • Water Source: At Road

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Ketron
  • High School: West Ridge
  • Middle Or Junior School: Sullivan Heights Middle

Lot Info

  • Zoning: R3
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 3097116.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 030o A 015.00
  • ResoLotSizeUnits: Acres

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/03/2024 11/03/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $2,990,000 -- --
Source: Tennessee/Virginia Regional MLS

Source: Tennessee/Virginia Regional MLS

MLS Number: 9967282

Tennessee/Virginia Regional MLS