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Property profile & analytics
OFF-MARKET
Commercial real estate

1939 Riverport Rd Kingsport, TN 37660

19.4 ac lot
Property ID
US80-1161745
Property summary
AI-generated overview

Exceptional opportunity to acquire approximately 19.4 acres of land in Kingsport, Tennessee, encompassing six separate parcels (APN: 045N B 04600, 045N B 04720, 045N B 04500, 045N B 04400, 045N B 04300, 045N B 04200). This property includes a 4,864 square foot home built in 1953, featuring a new roof installed in 2015. The home, situated on Riverport Road, offers seclusion and seasonal views of the South Fork Holston River. The property also includes a barn built in the 1980s. The land borders five roads: Riverport Road, Tilthammer Drive, Eastley Court, Ridgefields Road, and Park Ridge Drive, making it highly attractive for development. Originally a dairy farm, the property retains a standing silo. The home was designed by renowned architect William Hamilton Wallace, known for several Kingsport commercial projects. The property is located in the Ridgefields neighborhood, a desirable area boasting a renowned golf course and clubhouse, and is conveniently located near Riverfront Park, slated for significant enhancements with a $7.8 million grant. While the owner prefers to sell the entire tract, consideration may be given to selling individual parcels. This represents a rare chance to own one of the last large developable tracts in the established Ridgefields subdivision. The asking price is $2,423,900, with a price per acre of $128,589.

Property profile
Verified
Property type Commercial real estate
Lot 19.4 ac (845,064 SF)
APN 045N B 04600, 045N B 04720, 045N B 04500, 045N B 04400, 045N B 04300, 045N B 04200
UPID US80-1161745
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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