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    Millennium Dr Kingsport, TN 37617

    Sponsored
    For Sale
    $456,500

    5.44 Acres, Highway Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.44-acre commercial land parcel presents a prime investment opportunity in Kingsport, Tennessee. Strategically located off I-81, exit 63, this property enjoys unparalleled visibility and accessibility, situated approximately 0.2 miles from the interstate and just 2.5 miles from both the Tri-Cities Airport and Northeast State Community College. Its convenient location places it within close proximity to a variety of amenities, including hotels, restaurants, and shopping centers, ensuring high traffic and potential for diverse business ventures. The property is zoned B-3 (Highway Oriented Business District), allowing for a wide range of commercial uses and offering the added advantage of potential subdivision. The lot's size and zoning make it ideal for development projects requiring significant space and high visibility. Detailed site plans and zoning information are readily available upon request. The property's address is Millennium Drive, Kingsport, TN 37617, with the Assessor's Parcel Number (APN) being 082 078 07000 000 2019. The asking price for this exceptional commercial land is $456,500. Don't miss this chance to acquire a highly desirable property in a thriving commercial area. Contact us today to learn more and schedule a site visit.

    Property Features for 0 Millennium Dr

    General Information

    Property type
    Land
    Lot Size
    236,966 SF

    HighLights

    • Subdividable 5.44‑acre parcel.
    • 0.2 miles from I‑81, Exit 63.
    • 2.5 miles from Tri‑Cities Airport.
    • 2.5 miles from Northeast State Community College.
    • Excellent proximity to hotels, restaurants, and shopping.
    • B‑3 (Highway Oriented Business District) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.426750405666
    Latitude
    36.503421739075

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    FAQs

    What type of property is this?
    Land - 5.44 Acres, Highway Commercial Land
    Where is this land located?
    The property is located at Millennium Dr Kingsport, TN.
    What is the asking price?
    The asking price for this property is $456,500.
    What are key features of this property?
    This property features: Subdividable 5.44-acre parcel.; 0.2 miles from I-81, Exit 63.; 2.5 miles from Tri-Cities Airport.
    Request Owner's contact information
    Millennium Dr Kingsport, TN 37617
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Millennium Dr Kingsport, TN 37617
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