2550 Stone DrKingsport, TN 37660

  • Commercial land
  • 71,850 SF
For Sale
$10,500,000 View listing

Property Details for 2550 Stone Dr

Year built
1973
Lot size
20.39 AC
Property size (Sq ft)
71,850 SF
Property type
Commercial land
APN
082047 02600
APU
8204702600

Description

This exceptional 21-acre commercial land parcel in Kingsport, Tennessee, presents a unique redevelopment opportunity. Located at 2550 E Stone Dr, with APN 08204702600, this property boasts a highly desirable location, offering over 661 feet of frontage on East Stone Drive. Situated between Lowe's and the Pavilion Shopping Center, this level site benefits from high traffic counts due to its proximity to major intersections, including John B Dennis Highway, and a thriving retail area anchored by Target, Aldi's, and Eastman Credit Union. All utilities are readily available, making this site immediately ready for development. The asking price is $10,500,000, translating to $500,000 per acre. This cleared site represents a significant investment opportunity in a rapidly growing area of Kingsport, Sullivan County, TN, zip code 37660. The property's strategic location and accessibility make it ideal for a wide range of commercial developments, promising substantial returns for the discerning investor. Don't miss this chance to acquire a prime piece of commercial real estate in a high-demand location. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,870,123
    Hospitality
    $14,536,948
    Educational
    $12,094,570
    Medical
    $12,510,521
    Retail
    $18,813,776

Location Insight

City
Kingsport
County
Sullivan
State
Tennessee
Latitude
36.55
Longitude
-82.4981
CBSA code
28700
CBSA name
KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,362,760
-
$1,362,760
-
$3,406,900
-
$3,406,900

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