514 Ranier Drive, Kingsport, TN 37663
Don Ritter · Sullivan County
Key Facts
Description
Exceptional investment and development opportunity in the heart of Colonial Heights! Situated on a rare 1.23-acre hilltop lot in one of Kingsport's most sought-after neighborhoods, this unique property offers multiple avenues for value creation, including renovation, redevelopment, rental income, or new construction potential. The existing home, approximately 1,400-1,500 square feet, features 2 bedrooms, 2 bathrooms, and a flexible bonus space ideal for a home office, walk-in closet, guest area, or additional storage. Major renovation work has already begun, including updated plumbing fixtures, electrical wiring and lights, and most drywall installation, allowing investors or owner-occupants to focus on the final finishes and customization. The spacious primary bedroom features vaulted ceilings, while the kitchen layout provides an excellent foundation for a modern redesign. Whether you're looking to renovate and resell, create a long-term rental, or build equity through improvements, much of the heavy lifting has already been done. Adding even more potential, the property includes a second structure that sustained fire damage, presenting additional redevelopment possibilities. Remove and rebuild, expand the existing footprint, create a guest house, workshop, or explore future development opportunities (buyer to verify zoning, subdivision, and permitted uses). Properties offering acreage, privacy, hilltop views, and redevelopment potential in Colonial Heights are increasingly difficult to find. Surrounded by established homes and strong property values, this is a rare chance for investors, builders, developers, and flippers to capitalize on a high-demand Kingsport location with significant upside potential. Don't miss this opportunity to unlock the value of one of Colonial Heights' most unique investment properties. Please do not enter the burned down structure due to safety concerns.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1960
Living Area
1,400 sq ft
Lot Size
1.23 acres
Lot Dimensions
250 X 231.6
Zoning
R 1
Days on Market
25
MLS® Listing#
9996532
Property Features
Interior
Heating
Flooring
Parking
Patio
Construction
Roof
Other Structures
Sewer
Water Source
Schools
- Elementary:
- Rock Springs
- Middle:
- Sullivan Heights Middle
- High:
- West Ridge
Financial Details
HOA
None
Parcel Number
092c B 02910 000
Directions
From Fort Henry, turn on Colonial Heights Rd. Turn left on McTeer, Turn right on Ranier. House is on the left.
Affordability Calculator
$20,000
Estimated monthly payment
$532/mo
Principal $80,000 · Est. interest $111,607 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kingsport, TN
- $337,234
- Median Listing Price
- 60
- Median Days on Market
- 1,774
- Median Sq Ft
- $178
- Median Price / Sq Ft
- 374
- Active Listings
- This home’s price is 70% below the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kingsport, TN.
Location
- 514 Ranier Drive, Kingsport, TN 37663
Points of Interest in Kingsport, TN
Showing the Kingsport area map.
Nearby Schools
Sullivan County Schools
School · 1.0 mi away
Sullivan South High School
Secondary · 2.0 mi away
Rock Springs Elementary
Elementary · 2.0 mi away
Miller Perry Elementary
Elementary · 2.8 mi away
Andrew Johnson Elementary School
Elementary · 3.0 mi away
Robinson Middle School
Secondary · 3.1 mi away
Mountain View Day School
School · 3.2 mi away
Palmer Early Learning Center
School · 3.5 mi away
Dobyns-Bennett High School
Secondary · 3.5 mi away
Thomas Jefferson Elementary School
Elementary · 3.5 mi away
City of Kingsport Public Works
Secondary · 3.6 mi away
St. Dominic School Kingsport, TN
Secondary · 3.8 mi away
Lincoln Elementary School
Elementary · 4.0 mi away
Christian Life Center
School · 4.3 mi away
West Ridge High School Yearbook
Secondary · 4.5 mi away
John Sevier Middle School
Secondary · 4.6 mi away
Holston Elementary
Elementary · 4.7 mi away
Holston Middle School
Secondary · 4.7 mi away
Sullivan North High School
Secondary · 4.7 mi away
Appalachian Christian School
School · 4.8 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 |
|---|---|---|---|---|
| 2440 Pondella Avenue, Kingsport, TN | $79,000 | 3 | 1 | 816 |
| 2004 Charlotte Street, Kingsport, TN | $85,000 | 2 | 1 | 672 |
| 345 Virgil Avenue, Kingsport, TN | $90,000 | 3 | 1 | 1,592 |
| 923 Elizabeth Street, Kingsport, TN | $90,000 | 3 | 1 | 1,040 |
| 476 Morelock Street, Kingsport, TN | $100,000 | 3 | 2 | 1,580 |
| 1645 F Street, Kingsport, TN | $129,000 | 2 | 1 | 1,012 |
Moving Cost Estimate
EXIT Agents in Kingsport
Listing Courtesy: CENTURY 21 Legacy Fort Henry - 4232396112
Presented by: Lisa Scott