27,878 SqFt
27,878 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 27,878 sqft
Price per Sqft $3
Subdivision Sherwood Hills
MLS Listing ID 9991133
HOA Y/N No
Lot Size 0.640 Acres
Acres 0.64
Lot Dimensions 121x283x80x277
Source Tennessee/Virginia Regional MLS
Property Description
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.
Location
State TN
County Sullivan
Community Sherwood Hills
Area 0.64
Zoning R 3
Direction From Ft. Henry Dr., turn on Lebanon Rd. Go 600 Yds. to property on left.
Exterior
Utilities Available Fiber Available, Cable Available, Electricity Available, Sewer Available, Water Available
View Mountain(s)
Street Surface Paved
Road Frontage 2 Lane Road, City Street
Building
Lot Description Rolling Slope, Secluded, Wooded
Sewer At Road, Public Sewer
Water At Road, Public
New Construction No
Schools
Elementary Schools John Adams
Middle Schools Robinson
High Schools Dobyns Bennett
Others
Senior Community No
Tax ID 092j B 003.00
Schools and Properties Nearby
MORTGAGE CALCULATOR
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