Development Opportunity in Colonial
For Sale
$85,900
129 Lot 5 Lebanon Road, Kingsport, TN 37663
LAND - Kingsport, TN
Property SizeContact for details
Lot Size0.64 Acres
Days on Market199
Property Features for 129 Lot 5 Lebanon Road
General Information
Property type
Land
Property subtype
Other
Zoning
R 3
Subdivision
Sherwood Hills
Lot features
Rolling Slope, Secluded, Wooded
Elementary school
John Adams
Middle school
Robinson
High school
Dobyns Bennett
Directions
From Ft. Henry Dr., turn on Lebanon Rd. Go 600 Yds. to property on left.
Standard status
Active
APN
092j B 003.00
Lot size
0.64 Acres
Taxes and HOA fees
Tax Annual Amount
99
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Added: Feb 12
Changed: May 14
Last Checked: Aug 30 at 3:06PM
MLS# 9991133
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 also minutes away, including Walmart, Food City, and Ingles Markets. The property 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 location on Lebanon Rd. in Colonial Heights, TN, offering excellent accessibility.
- Zoned R‑3 allowing for up to 15 units per acre, ideal for development options.
- Public water and sewer available at the road.
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 in Kingsport, TN.
Where is this residential land & home lot located?
The property is located at 129 Lot 5 Lebanon Road 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 location on Lebanon Rd. in Colonial Heights, TN, offering excellent accessibility.; Zoned R‑3 allowing for up to 15 units per acre, ideal for development options.; Public water and sewer available at the road.
