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129 LOT 5 Lebanon Road

Kingsport, TN 37663
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Acres0.64

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Land

Price : $85,900

AD Id : 75274824

MLS Id : 9991133

Lot Size : 0.64 Acre(Lot)

County : Sullivan

Subdivision: Foxwood Hills

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Feature Features

  • Lot Information

    Lot Dimensions: 121x283x80x277 Main Square Feet: 0.64 Acres Lot Size Acres: 0.64 Lot Size Square Feet: 27878 Lot Description: Sloped, Rolling Slope, Secluded, Wooded

    Property Information

    Subdivision: Sherwood Hills Source Property Type: Land MLS Area Minor: 407 - Col. Heights to Fordtown

  • Listing Price Information

    Listing Price: $85900

  • Tax Information

    Parcel Number: 092j B 003.00

  • School Information

    Elementary School: John Adams
    Junior High School: Robinson
    Senior High School: Dobyns Bennett
  • Utility Information

    Cable Available, Electricity Available, Sewer Available, Water Available
  • Location Information

    Direction: From Ft. Henry Dr., turn on Lebanon Rd. Go 600 Yds. to property on left. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD Havenmore Drive, Kingsport, TN, 37663 $265,000 -- -- -- 6.08 Acres(Lot)
000 Easy St W Of Street, Kingsport, TN, 37663 $799,000 -- -- -- 27.80 Acres(Lot)
XXX Easy St W Of, Kingsport, TN, 37663 $799,000 -- -- -- 27.80 Acres(Lot)
000 Breckenridge Trace, Kingsport, TN, 37663 $990,000 -- -- -- 11.80 Acres(Lot)
TBD White Hawk Way, Kingsport, TN, 37663 $55,000 -- -- -- 1.18 Acres(Lot)
3530 Highway 75, Kingsport, TN, 37663 $165,000 -- -- -- 6.60 Acres(Lot)
3520 Highway 75, Kingsport, TN, 37663 $2,500 -- -- -- 4.88 Acres(Lot)
3520 Highway 75, Kingsport, TN, 37663 $99,000 -- -- -- 4.88 Acres(Lot)
3520 Highway 75, Kingsport, TN, 37663 $399,000 -- -- -- 3 Acres(Lot)
TBD Beulah Church Road, Kingsport, TN, 37663 $54,950 -- -- -- 2 Acres(Lot)

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 06/26/2026 @ 09:42

MLS: 9991133 LISTED BY: Ed Mahaffey, TCI Group - Jerry Petzoldt Agency, LLC 423-230-0255 SOURCE: TennesseeVirginia Regional MLS

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