Acreage on Lynn Road at New High School

Vacant Land for Sale
Also listed as Industrial
Catylist Listing ID: 30291566
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Other
Gross Land Area: 10.25 Acres
Sale Price: $510,000
Unit Price: $49,756 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2020

Overview / Comments

Outstanding Business Potential! 10.25 acres of land zoned M1, manufacturing, light industrial located on Lynn Road directly across from New West Ridge High School Site. Sellers are willing to consider selling a minimum of 2 acres including the residence and billboard. Subdividing to sell the remaining acreage separately.

● Approximately 1800 sq.ft. Residence 3 bedrooms/2 baths.
● Full Walk-in basement with sink and laundry area.
● Attached 2 car garage with insulated garage doors.
● Residence can be modified for use as office space or used as is
for residential rental property
● Includes income producing Outdoor advertising business. Permitted 4 panel lighted Billboard with high visibility from Interstate 81.
● Easement to the Airport Connector and Lynn Road.
● Gently rolling topography with excellent development potential.
● Hill top property with excellent visibility fronting Interstate 81.
● House is on city water with septic system. City sewer is available at Lynn Road. Connection to sewer would be buyers expense.
● Entire property, residence and billboard to be sold as is.

See attached for boundary survey map, zoning map and preliminary road route. Contact listing agent to discuss property details further.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 079 038.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,080 10,506 38,742
Median Age: 45.1 44.8 44.49
Households: 1,213 4,213 15,874


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