Multifamily R2/RT Just Over 5.6 Acres Vacant Land with Concept Plan
Vacant Land
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30588425 |
| Property Subtypes: |
Multi-Family, Residential (Single Family)
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
5.69 Acres
|
| Sale Price: |
$249,999 |
| Unit Price: |
$43,936 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/25/2022 |
Overview / Comments
5.689 Acres of R2/RT Zoned Vacant Property. Site concept plan available. Site plan allows for 40 units of townhomes. Great for town home development, or private residential estate. City water and sewer available. Easement from Page St included with property. Conveniently located, short distance to downtown Bristol, New Casino location, the Pinnacle, I-81 and Commonwealth Ave. Agent/owner
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Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Bristol |
| Tax ID/APN: |
13-1-5 |
| Property Located Between: |
Island Rd and Randolph St |
| Largest Nearby Street: |
Commonwealth or Gate City or Euclid or Island Rd |
| Feet of Frontage: |
952 |
| Highway Access: |
About 2.5 miles to I-81 Exit 3 or 1.5 miles to Exit 1 |
| Airports: |
Tri-Cities Airport |
| Site Description: |
5.689 Acres Rolling/Sloping with access from Amy Street and an easement thru the west side of the property to Page Street. |
| Area Description: |
In an area of both single and multi-family town homes. Convenient to New Casino, Pinnacle, Downtown, and interstate. |
| Zoning Description: |
R2: Single and two family dwellings and RT allowed in this zone for Townhouses allowing 12 units/acre upon planning commission permission. Site concept plan, following zoning requirements, allows for 40 units of townhomes. |
| Easements: |
Utilities |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,186 |
32,030 |
53,791 |
| Median Age: |
41.56 |
41.24 |
42.11 |
| Households: |
2,337 |
13,887 |
23,123 |
|
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