Active

514 Ranier Drive

Kingsport, TN 37663

$135,000 $569/Mo

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Overview

Bed

Bath

1,400

Sqft

1.23

Acres(Lot)

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 been completed, including updated plumbing, electrical, 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.

Property Details

Property Type : Residential

Price : $135,000

AD Id : 81594103

MLS Id : 9996532

Beds : 2

Lot Size : 1.23 Acres

Living Area Size : 1,400

Year Built : 1960

County : Sullivan

Subdivision: Pembrook Estates

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 2

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Rooms Total: 7
Flooring Information

See Remarks
Roofing Information

See Remarks
Interior Features

See Remarks Roof: See Remarks
Heating & Cooling

Has Heating: Yes Heating: See Remarks

Building Information

Year Built: 1960 Building Area Total: 1400 Construction Materials: Vinyl Siding Stories: 1 Patio And Porch Features: See Remarks Private Pool: No

Lot Information

Lot Dimensions: 250 X 231.6 Main Square Feet: 1.23 Acres Lot Size Acres: 1.23 Lot Size Square Feet: 53578.8

Property Information

Subdivision: Don Ritter Source Property Type: Residential MLS Area Minor: 407 - Col. Heights to Fordtown Property SubType: Single Family Residence Levels: One Property Age: 66

Listing Price Information

Listing Price: $135000 Cash, Conventional

Tax Information

Parcel Number: 092c B 02910 000

Parking Information

See Remarks

School Information

Elementary School: Rock Springs

Junior High School: Sullivan Heights Middle

Senior High School: West Ridge
Location Information

Direction: From Fort Henry, turn on Colonial Heights Rd. Turn left on McTeer, Turn right on Ranier. House is on the left. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
306 Ty's Place, Kingsport, TN, 37663	$449,000	3	2	1,762	1,762 SqFt
329 Ty's Place, Kingsport, TN, 37663	$449,000	3	2	1,750	1,750 SqFt
325 Ty's Place, Kingsport, TN, 37663	$444,900	3	3	2,241	2,241 SqFt
337 Ty's Place, Kingsport, TN, 37663	$429,900	2	3	1,750	1,750 SqFt
309 Ty's Place, Kingsport, TN, 37663	$434,900	3	2	1,720	1,720 SqFt
305 Ty's Place, Kingsport, TN, 37663	$549,900	4	3	2,709	2,709 SqFt
411 Gammon Road, Kingsport, TN, 37663	$420,000	2	2	1,320	1,320 SqFt
401 Minga Store Road, Kingsport, TN, 37663	$204,900	3	2	1,618	1,618 SqFt
538 Pitt Road, Kingsport, TN, 37663	$849,900	5	3	3,846	3,846 SqFt
577 Pitt Road, Kingsport, TN, 37663	$430,000	4	2	2,178	2,178 SqFt

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/11/2026 @ 03:36

MLS: 9996532 LISTED BY: Lisa Scott, CENTURY 21 Legacy Fort Henry 423-239-6112 SOURCE: TennesseeVirginia Regional MLS