Welcome to Lots 4/5 Lebanon Road in Colonial Heights; an exceptional investment opportunity nestled in Kingsport, TN. Zoned R3; this 20 Unit development presents a prime chance to expand your portfolio in one of Tennessee's most thriving real estate markets. Features include Prime Location: Conveniently situated in a sought-after area in Kingsport right off I-81 and Highway 36. These Lots sit directly across Ashley Oaks; an established townhome community. Offering easy access to local amenities, schools, and major transportation routes. Infrastructure: Sewer offered (See Attached Utility Map) at three corners of the properties and 238 foot of Road frontage off Lebanon Road. Income Potential: With a consistent demand for Rental Properties/Townhomes/Condos in the Tri- Cities, these lots promise a lucrative income stream for investors. Proximity to shopping centers, restaurants, and entertainment options, offering residents a vibrant lifestyle. Easy access to major employers and educational institutions, appealing to a diverse tenant base. Minutes to Warriors Path State Park provides opportunities for outdoor enjoyment and leisure activities. Don't miss out on this rare opportunity to acquire a well-positioned R3 Development in East Tennessee's thriving market. Whether you're a seasoned investor or developer, Lots 4/5 Lebanon Rd presents an excellent chance to capitalize on the demand for quality housing. All information herein deemed reliable but subject to buyers' verification.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Security Real Estate
Office Phone: (423) 282-2595
Listing Agent: Seth Slagle
Exterior Features
Exterior Information:
View: Pasture
Lot Features
Lot Information:
Lot: Rolling/Hilly
Lot Size: 1.32 Acres
School Info
Assigned Schools Information:
Gibbs High School, Public District Grades 9-12
Holston Middle School, Public District Grades 6-8
East Knox Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $300,000
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See how this home compares to others in Knoxville, TN.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
East Knox Elementary School
9315 Rutledge Pike
Distance between this listing and this school4.40 miles
Public District Grades PK-5
Middle School
4
/10
Holston Middle School
600 N Chilhowee Dr
Distance between this listing and this school2.55 miles
Public District Grades 6-8
High School
5
/10
Gibbs High School
7628 Tazewell Pike
Distance between this listing and this school6.50 miles
Public District Grades 9-12
Assigned Schools
6
/10
East Knox Elementary School
9315 Rutledge Pike
Distance between this listing and this school4.40 miles
Public District Grades PK-5
Nearby Schools
3
/10
Chilhowee Intermediate School
5005 Asheville Hwy
Distance between this listing and this school2.83 miles
Public District Grades 3-5
3
/10
Ritta Elementary School
6228 Washington Pike
Distance between this listing and this school2.84 miles
Public District Grades PK-5
Assigned Schools
4
/10
Holston Middle School
600 N Chilhowee Dr
Distance between this listing and this school2.55 miles
Public District Grades 6-8
Nearby Schools
4
/10
Carter Middle School
204 N Carter School Rd
Distance between this listing and this school5.66 miles
Public District Grades 6-8
3
/10
Whittle Springs Middle School
2700 White Oak Ln
Distance between this listing and this school5.74 miles
Public District Grades 6-8
Assigned Schools
5
/10
Gibbs High School
7628 Tazewell Pike
Distance between this listing and this school6.50 miles
Public District Grades 9-12
Nearby Schools
4
/10
Dr. Paul L. Kelley Volunteer Academy
3001 Knox Center Dr
Distance between this listing and this school3.30 miles
Public District Grades 9-12
2
/10
Austin-East Magnet High School
2800 M L King Jr Av
Distance between this listing and this school5.11 miles
The neighbors living near this home have an average income of $31,639. Typical income of Knoxville, TN residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
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This home sits on a 1.32 acre lot. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $300,000.
While more than 114 listings in Knoxville, TN in March 2024 were sold above asking price, there were more than 95 listings sold at asking price, and more than 234 were sold below. Between February 2024 and March 2024, Knoxville, TN real estate market has seen increase in the number of listings by 5.3%. Listings spent 38 days on the market in March 2024, and had a median list price of $365,052 during the same period.
From Rocket Homes Real Estate and based on county public records data.