$2,990,000 Price Analysis    ♡   Kingsport, TN 37660 Unknown bed 0 bath unknown SqFt ($0/SqFt) 71.1 acre lot. Listed 2024-06-15 | Ⓧ USDA Ineligible due to property near Kingsport |
DEVELOPERS - Mixed Use Development Opportunity with Survy
Engineering and Permitting Approval Already in Place. Zoned R3 and READY TO DIG. Unlock the potential of prime real estate with this unparalleled opportunity on Shipp Springs Rd. Spanning approximately 71 acres, this mixed-use development site is a visionary's dream, boasting a coveted land disturbance/grading permit already in place. Situated within the City Limits of Kingsport, this property has seamlessly integrated into the urban landscape, offering a strategic location for transformative growth. The stamp of approval from the Kingsport City Council for high-density residential development sets the stage for immediate action, signaling a green light for progress.
With the flexibility to accommodate 15 units per acre, the canvas is vast and the possibilities endless. From modern apartments to single-family attached and detached homes, the potential for crafting diverse living spaces is boundless. Whether catering to buyers or renters, the opportunity to shape vibrant communities is at your fingertips. Embark on this journey of development with confidence, knowing that the City of Kingsport is committed to supporting your vision. Significant off-site improvements, totaling upwards of $1 million, will be covered by the city, further enhancing the appeal and feasibility of this project. Delve into the details outlined in the attached Offering Memorandum and seize the chance to redefine urban living in Kingsport. Contact us today to capitalize on this rare opportunity and become a catalyst for positive change on Shipp Springs Rd. The future awaits and it begins here.
Presented by Ed Mahaffey at
Tci Group-Jerry Petzoldt Agency, Llc.
Property MLS #9967282 from TNVARegionalMLS
Lot Description: Rolling Slope
Lot Size Acres: 71.1
Lot Size Dimensions: Irregular
Lot Size Square Feet: 3097116
Road Access: City Street
Road Frontage Type: City Street
High School: West Ridge
Middle School: Sullivan Heights Middle
Map directions Map directions Map directions Map directionsSource Listing Status: Active
County: Sullivan
Directions: Enter property from Woodmont Ave. off Stone Dr. Call Agent for specific directions.
Source Property Type: Land
Area: 403 - Bloomingdale, Crown Col, Windrid
MLS Area Minor: 403 - Bloomingdale, Crown Col, Windrid
Source Neighborhood: Not In Subdivision
Parcel Number: 030o A 015.00
Subdivision: Not In Subdivision
Zoning: R3
Source System Name: C2C
$2,990,000
TNVARegionalMLS
Electricity Available
Water Source: At Road
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.