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Investor or developer's delight in Colonial Heights! Rare 1 $135,000

514 Ranier Drive, Kingsport, TN 37663

2 br, 2.0 ba, 1960 1400 sf
Sullivan County
Ad #: 7336093

Home For Sale near Patrick Henry Lake

Investor or developer's delight in Colonial Heights! Rare 1.23-acre hilltop property in one of Kingsport's most desirable neighborhoods offering exceptional development opportunity, fixer-upper potential, and long-term investment upside. Located in sought-after Colonial Heights in Kingsport, this unique property features a partially renovated home approximately 1,400-1,500 square feet with 2 bedrooms, 2 bathrooms, and a flexible bonus space ideal for a home office, walk-in closet, or additional storage. The spacious 13x13 primary bedroom offers a vaulted ceiling, and the 13x11 kitchen layout is ready for custom finishes. Major improvements have already been completed including plumbing, electrical, and drywall -- making this renovation project primed for final finishes and strong resale or rental income potential. In addition, the property includes a second structure that experienced fire damage, creating further redevelopment options. Remove and rebuild, expand your footprint, or explore multi-home possibilities (buyer to verify zoning). With acreage, privacy, hilltop setting, and value-add opportunity in an established neighborhood where renovated homes command strong prices, this is a rare chance for investors, builders, or flippers seeking a high-upside property in the Colonial Heights market.

Property Details

  • Beds: 2
  • Baths: 2.0
  • Sq Feet: 1400
  • Year Built: 1960
  • Location: Patrick Henry Lake
  • Acres: 1.230
  • County: Sullivan County
  • Community: Don Ritter
  • Siding: Vinyl Siding
  • Roof:
  • Stories: 1
  • Fireplaces: Has Fireplace
  • Property Taxes: $1,170
  • MLS #: 9991683

Location

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Contact Information:

Contact Agent
Listing Agent: Lisa Scott, Century 21 Legacy, 423-367-6632, 423-239-6112 Listing Site, Listing Status: Active
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Kingsport, Tennessee
Ad Number : 7336093
Viewed: 9 times
Added: Feb 28, 2026
Updated on: Feb 28, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.