129 Lot 5 Lebanon Road, Kingsport, TN 37663
Sherwood Hills · Sullivan County
Key Facts
Description
Prime Multi-Family Development Opportunity - Lebanon Rd., Colonial Heights, TN Discover exceptional development potential in the heart of Colonial Heights on desirable Lebanon Road. This 0.68-acre wooded tract is zoned R-3 (Multi-Family Residential), allowing for up to 15 units per acre, making it ideal for apartments, condominiums, duplexes, or single-family homes. The lot features a gently rolling slope with mature trees, offering natural privacy and character while still providing flexibility for creative site design. Public water and sewer are available at the road, streamlining the development process. Location is everything—and this property delivers: Just 2 miles from Interstate 81 One exit northbound to the Tri-Cities Airport One exit southbound to Interstate 26 Minutes from downtown Kingsport Convenient to the Eastman Chemical Company industrial complex The surrounding area offers a strong residential base with a mix of single-family homes, condominiums, and apartments, along with moderate traffic flow and excellent accessibility. Numerous drive-through and walk-in restaurants, churches, and established highway businesses support steady activity in the corridor. Recreation and lifestyle amenities are nearby, including: Warriors' Path State Park Bays Mountain Park and Planetarium Shopping conveniences are just minutes away, including: Walmart Food City Ingles Markets Bonus Opportunity: This parcel is one of two side-by-side lots, offering a combined 1.32 acres with the potential for up to 18 apartment or condominium units (subject to planning approval and site plans). This creates an outstanding opportunity for a larger-scale residential development in a high-demand area. Whether you're an investor, builder, or developer, this property offers zoning flexibility, infrastructure access, and a prime Colonial Heights location poised for growth.
Property Information
Property Type
Land
Lot Size
0.64 acres
Lot Dimensions
121x283x80x277
Zoning
R 3
Days on Market
17
MLS® Listing#
9991133
Property Features
Lot Features
Utilities
Sewer
Water Source
Schools
- Elementary:
- John Adams
- Middle:
- Robinson
- High:
- Dobyns Bennett
Financial Details
HOA
None
Parcel Number
092j B 003.00
Directions
From Ft. Henry Dr., turn on Lebanon Rd. Go 600 Yds. to property on left.
Affordability Calculator
$17,180
Estimated monthly payment
$457/mo
Principal $68,720 · Est. interest $95,871 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kingsport, TN
- $337,363
- Median Listing Price
- 60
- Median Days on Market
- 1,774
- Median Sq Ft
- $177
- Median Price / Sq Ft
- 362
- Active Listings
- This home’s price is 75% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kingsport, TN.
Location
Points of Interest in Kingsport, TN
Showing the Kingsport area map.
Nearby Schools
Sullivan County Schools
School · 0.5 mi away
Sullivan South High School
Secondary · 1.7 mi away
Rock Springs Elementary
Elementary · 1.7 mi away
Miller Perry Elementary
Elementary · 2.1 mi away
Andrew Johnson Elementary School
Elementary · 3.4 mi away
Robinson Middle School
Secondary · 3.5 mi away
Mountain View Day School
School · 3.8 mi away
Palmer Early Learning Center
School · 3.9 mi away
Dobyns-Bennett High School
Secondary · 3.9 mi away
City of Kingsport Public Works
Secondary · 4.0 mi away
Thomas Jefferson Elementary School
Elementary · 4.0 mi away
St. Dominic School Kingsport, TN
Secondary · 4.2 mi away
Lincoln Elementary School
Elementary · 4.3 mi away
John Adams Elementary School
Elementary · 4.4 mi away
Christian Life Center
School · 4.8 mi away
Gray Elementary School
Elementary · 4.9 mi away
John Sevier Middle School
Secondary · 4.9 mi away
West Ridge High School Yearbook
Secondary · 5.0 mi away
Sullivan Gardens Elementary
Elementary · 5.0 mi away
Holston Elementary
Elementary · 5.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1270 Ridgetop Trail, Kingsport, TN | $64,900 | — | — | — |
| 117 Mull St, Kingsport, TN | $64,900 | 3 | 2 | 1,107 |
| 473 Hidden Acres Road, Kingsport, TN | $65,000 | — | — | — |
| Lot 3 Lockport Circle, Kingsport, TN | $65,000 | — | — | — |
| 000 Lone Star Road, Kingsport, TN | $70,000 | — | — | — |
| 0 Rock Springs Road, Kingsport, TN | $70,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Kingsport
Listing Courtesy: TCI Group - Jerry Petzoldt Agency, LLC - 4232300255
Presented by: Ed Mahaffey