514 Ranier Drive, Kingsport, TN 37663

• 2 beds |
• 2 baths |
• 1,400 sqft

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.

Listing Status:

Active

Date Added:

June 8, 2026

Data Last Updated:

August 10, 2026 at 9:38PM

Listing Office:

CENTURY 21 Legacy Fort Henry : 423-239-6112

Listing Agent:

Lisa Scott : 423-367-6632

MLS ID:

9996532

Interior

• General: See Remarks
• Flooring: See Remarks
• A/C: See Remarks
• Heating: See Remarks
• Fireplace: FireplaceFireplaces: 3

Exterior

• General: GazeboOutbuilding
• Style: See Remarks
• Parking: See Remarks

Construction

• Roofing: See Remarks
• General: Vinyl Siding1

Location

• Originating MLS: Tennessee/Virginia Regional MLS
• County: Sullivan

Lot

• Zoning: R 1092c B 02910 000

Utilities

• Water: Public
• Sewer: Septic Tank

Financial

• Source: Tennessee/Virginia Regional MLS