514 ranier drive

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.