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    128 Ridgeway Rd Kingsport, TN 37664

    Sponsored
    For Sale
    $1,950,000

    90 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 90.9-acre property presents a rare development opportunity in Kingsport, Tennessee. Strategically located near the intersection of Moreland Drive and Ridgeway Road, with close proximity to John B Dennis Highway and I-26 (Exit 4), this site offers unparalleled access and visibility. The land features rolling hills with level areas, presenting only minor site challenges for development. Currently zoned A1-Agricultural, the property allows for single-family homes, with potential for rezoning to accommodate a wider range of uses, including multi-family residential, commercial, hospitality, tourism, or recreational projects. The property's location near Eastman Chemical Company further enhances its appeal. Utilities are readily available on-site or at the roadside. Adding to the investment potential, one existing home on the property generates a monthly rental income of $1,200. A second home, situated on approximately two acres, is available for separate purchase. A portion of the land is currently leased to a farmer for cattle grazing, with no long-term commitment. Note that property boundaries shown in images are approximate; a detailed survey is available. This is a truly unique opportunity to acquire a substantial tract of land in a thriving Tennessee community. The asking price is $1,950,000, reflecting a land value of $21,452 per acre.

    Property Features for 128 Ridgeway Rd

    General Information

    Property type
    Farms
    Lot Size
    3,959,604 SF

    HighLights

    • 90‑acre development site in Kingsport, TN.
    • Frontage on Moreland Drive and Ridgeway Road, near John B Dennis Hwy.
    • Rolling terrain with level areas; minor site challenges.
    • A1 Agricultural zoning; potential for rezoning.
    • Utilities available on‑site or at the road.
    • Includes one rental home generating $1,200/month; second home available separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.540084672936
    Latitude
    36.500236575691

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    FAQs

    What type of property is this?
    Farm - 90 Acres, Prime Location, High Potential
    Where is this farm located?
    The property is located at 128 Ridgeway Rd Kingsport, TN.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 90-acre development site in Kingsport, TN.; Frontage on Moreland Drive and Ridgeway Road, near John B Dennis Hwy.; Rolling terrain with level areas; minor site challenges.
    Request Owner's contact information
    128 Ridgeway Rd Kingsport, TN 37664
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    Kingsport, TN 37664
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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
    128 Ridgeway Rd Kingsport, TN 37664
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