Exceptional Mixed Use Development Opportunity!

Vacant Land for Sale
Also listed as Retail-Commercial, Multi-Family
Catylist Listing ID: 30766933
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 80 Acres
Sale Price: $799,000
Unit Price: $9,987 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

Super West Stone Drive Location! Unbelievable Price! Excellent 80 +/- acre tract of undeveloped commercial land for sale adjoining the Walmart Shopping Complex on West Stone Drive in Kingsport. The lower acreage has excellent Stone Drive visibility next to Ultimate Shine car wash near Fatz Cafe and Tractor Supply. Easily accessed via Minnich Trail at signalized intersection at Lawson Drive entrance to Walmart. The zoning is split B-3 general commercial use; R-3 apartment district which allows for 15 units per acre and R-1. See attached for zoning code specifics. Complete rezoning to one or the other should not be too problematic but any prospective purchasers would need to produce a zoning development plan accompanied by a zoning application. Possible uses, therefore, include retail, commercial, restaurant or residential development. Can be subdivided but owners prefer to sell as a whole. Parcels also for sale individually, see separate listings. Contact listing agent to discuss options and for further site details.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 045B C 024.00; 045A A 001.00
Zoning: B-3 HIGHWAY ORIENTED BUSINESS DISTRICT AND R-3 LOW DENSITY APARTMENT DISTRICT AND R-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,264 29,741 55,076
Median Age: 45.75 41.81 43.2
Households: 2,366 13,003 24,261

Contact

Photograph of Listing Agent

Jacqueline Lesley Hewitt

TCI Group - Jerry Petzoldt Agency, LLC NETAR CMLS Member
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