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Property profile & analytics
OFF-MARKET
Commercial real estate

128 Ridgeway Rd Kingsport, TN 37664

90.9 ac lot
Property ID
US80-0970995
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Lot 90.9 ac (3,959,604 SF)
UPID US80-0970995
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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