Colonial Heights Development
For Sale
Contact for pricing
129 Lebanon Rd, Kingsport, TN 37663
0.68-acre wooded tract zoned R-3 for multi-family development.
Property SizeContact for details
Lot Size0.68 Acres
Days on Market178
Property Features for 129 Lebanon Rd
General Information
Standard status
Active
Lot size
0.68 Acres
Property subtype
Land
Zoning
R-3 (Multi-Family Residential)
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Glenn Perkins · License #TN 326486
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCI Group – Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
Located on Lebanon Road in Colonial Heights, this 0.68-acre wooded tract presents a multi-family development opportunity. Zoned R-3, the property allows for up to 15 units per acre, suitable for apartments, condominiums, duplexes, or single-family homes. The lot features a gently rolling slope with mature trees, offering natural privacy. Public water and sewer are available at the road. The property is located 2 miles from Interstate 81, one exit northbound to the Tri-Cities Airport, and one exit southbound to Interstate 26. It is also minutes from downtown Kingsport and convenient to the Eastman Chemical Company industrial complex. The surrounding area includes single-family homes, condominiums, and apartments, with moderate traffic flow and accessibility. Numerous restaurants, churches, and highway businesses are nearby. Recreation and lifestyle amenities include Warriors' Path State Park and Bays Mountain Park and Planetarium. Shopping conveniences are just minutes away, including Walmart, Food City, and Ingles Markets. This parcel is one of two side-by-side lots, offering a combined 1.32 acres with the potential for up to 18 apartment or condominium units, subject to planning approval and site plans.
Key Highlights
- Prime Multi‑Family Development Opportunity: Zoned R‑3, allowing up to 15 units per acre.
- Excellent Location: Minutes from I‑81, I‑26, Tri‑Cities Airport, Eastman Chemical Company, and downtown Kingsport.
- Public Water and Sewer Available: Streamlines the development process.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 37663, TN
14,392
Population
6,679
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
558
Density / Sq Mi
$76,122
Median Household Income
$45,399
Median Earnings
$886
Median Rent
$224,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.68-acre wooded tract zoned R-3 for multi-family development.
Where is this residential land & home lot located?
The property is located at 129 Lebanon Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $85,900.
What are key features of this property?
This property features: Prime Multi‑Family Development Opportunity: Zoned R‑3, allowing up to 15 units per acre.; Excellent Location: Minutes from I‑81, I‑26, Tri‑Cities Airport, Eastman Chemical Company, and downtown Kingsport.; Public Water and Sewer Available: Streamlines the development process.
