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 |
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 |
|
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