1.52 Acres Multi-Family and Commercial
Vacant Land
for Sale
| Catylist Listing ID: |
30422466 |
| Property Subtypes: |
Agricultural, Hospitality, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
|
| Gross Land Area: |
1.52 Acres
|
| Sale Price: |
$175,000 |
| Unit Price: |
$115,131 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/12/2020 |
Overview / Comments
|
Motivated Seller! Great parcel of land located on Lee Highway, between exits 7 and 10 and in an Opportunity Zone. 1.52 Acres zoned B-2/A-2. On the back A2 portion, single and multifamily or townhomes are allowed, or other agricultural use. The B2 portion in the front allows for a good sized commercial building. With access possible from Peaceful Ln for the back portion and Lee Hwy for the front commercial portion, you can easily complete two projects with this property. Property is located on the North side of Lee Highway, across from BVU, New Peoples Bank and Washington County Health Department, near Sugar Hollow Park, The Highlands Center, and John Battle High School, Wal-Mart and Home Depot. This land also comes with a permanent 20' sanitary sewer easement for a wastewater line along the adjoining property allowing for access to sewer. Located in Washington County, just outside the city limits. Many commercial uses with access to public water and sewer.
|
Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Washington |
| Tax ID/APN: |
24989 |
| Zoning: |
B-2/A-2 |
| Property Located Between: |
Exit 7 and Exit 10 on the north side of Lee Highway |
| Property Visibility: |
Excellent |
| Legal Description: |
PRESTON WOODS ACR 1.35
Parcel 142-A-45 |
| Largest Nearby Street: |
Lee Highway |
| Highway Access: |
Property located on Lee Highway with easy access. Also easy access from I-81, take exit 10 from I-81S and Turn Right on 310 and Left onto Lee Hwy, or take exit 7 from I-81N and turn Left on Old Airport Rd and Right onto Lee Hwy. Property is on the North side of Lee Highway across from BVU, New Peoples Bank and Washington County Health Department, between Rainbow Rd and Helen Ln. |
| Airports: |
Tri-Cities Regional |
| Site Description: |
Vacant land zoned B-2/A-2 with access to sewer along easement on adjacent property. |
| Area Description: |
Located on Lee Highway, between exits 7 and 10. Property is located on the North side of Lee Highway, directly across from BVU, New Peoples Bank and Washington County Health Department, just North of Sugar Hollow Park, The Highlands Center, and John Battle High School, Wal-Mart and Home Depot. |
| Zoning Description: |
B-2/A-2 |
| Topography: |
Gently Sloping |
| Easements: |
Electric Lines, Utilities |
| Available Utilities: |
Electric, Water, Sewer, Cable, Broadband, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
9,322 |
38,284 |
| Median Age: |
45.01 |
42.02 |
| Households: |
3,981 |
16,391 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
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