128 Ridgeway Rd Kingsport, TN 37664
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.