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514 Ranier Drive
Kingsport TN 37663
MLS #9996532 · Listing Courtesy of CENTURY 21 Legacy Fort Henry
$100,000
Active
2
Beds
2
Baths
1,400
Sq Ft
1.23
Acres
1960
Built
Property 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 Facts
Property TypeResidential
Sub TypeSingle Family Residence
MLS Number9996532
Fireplaces3
Above Grade Sq Ft1,400
Lot Dimensions250 X 231.6
City Taxes$0
County Taxes$1,170.01
Basement Sq Ft0
Garage Sq Ft0
Elementary SchoolRock Springs
Middle SchoolSullivan Heights Middle
High SchoolWest Ridge
Features & Amenities
Drywall Walls
Fixer Condition
Gazebo
One-Level
Outbuilding
Public Water
Septic Tank Sewer
Under Construction Condition
Vinyl Siding Exterior
Directions
From Fort Henry, turn on Colonial Heights Rd. Turn left on McTeer, Turn right on Ranier. House is on the left.
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Additional Information
ACSee RemarksYesContract InfoForeclosureNoEasementsNoneYesFlooringSee RemarksYesGeneral Property DescriptionDeed Book3,510Deed Page570HOANoHome WarrantyNoLot Number7&8&Stories1Total Rooms7Total Finished SqFt1,400Unfinished SqFt0ZoningR 1HeatingSee RemarksYesInterior FeaturesSee RemarksYesParking FeaturesSee RemarksYesPorchPatioDeckSee RemarksYesSqFt DetailsFinished SqFt Level 11,400Structure TypeHouseYesStyleSee RemarksYesTopographyLot DescriptionSee RemarksYes
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