128 Ridgeway Rd Kingsport, TN 37664
- Commercial real estate
- 90.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 128 Ridgeway Rd
- Lot size
- 90.90 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.540084672936
- Latitude
- 36.500236575691
