Development Land for Industrial or Multi-Family

Vacant Land for Sale
Catylist Listing ID: 2125923
Property Subtypes: Industrial, Multi-Family
Gross Land Area: 68 Acres
Sale Price: $225,000
Unit Price: $3,308 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/3/2022

Overview / Comments

JUST REDUCED!! This tract may be the largest developable site near BOTH hospitals and other major employers in Kingsport. The property is most profitably developed with a combination of multi-family phases, for rent and for sale.

Both public water and sanitary sewer services are already at the property. The topography is moderate for this region and consists of rolling timber and cleared areas.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: Map 30 Parcels 21 and 23
Market Type: Medium
Side of Street: South
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Idle Hour Road
Highway Access: 1.5 miles south to Stone Drive/Hwy. 11 W.
Site Description: Rolling and sloping site that was mined for shale. Similar sites nearby are now used for patio and town home developments.
Topography: Rolling
Easements: Ingress/Egress, Utilities
Easements Description: Permanent recorded easement from the City of Kingsport allows easy access off Idle Hour across from the Animal Shelter.
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,408 39,003 65,531
Median Age: 47.33 43.37 43.82
Households: 1,643 17,208 28,702


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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