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

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

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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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