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    421 At Hwy 394 Bristol, TN 37620

    Sponsored
    For Sale
    $2,500,000

    70-acre mixed-use development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 70-acre parcel, located at the signalized intersection of Highway 421 and Highway 394 in Bristol, Tennessee, presents a unique mixed-use development opportunity. Situated in Sullivan County and boasting an M-1 zoning designation, this property allows for a variety of commercial and industrial uses, including retail establishments. The land is conveniently located to serve both east Bristol and eastern Sullivan County, offering excellent accessibility and visibility. All city services are readily available, making infrastructure development straightforward. The expansive lot size provides ample space for a large-scale project, while the strategic location ensures high traffic volume and potential for significant return on investment. Further enhancing its appeal, this property is situated within an Opportunity Zone, offering potential tax advantages for qualified investors. The property's Assessed Parcel Number (APN) is 038 058.00. The asking price for this remarkable development opportunity is $2,500,000. This is a rare chance to acquire a substantial tract of land with significant potential in a thriving Tennessee community.

    Property Features for 421 At Hwy 394

    General Information

    Property type
    Land
    Lot Size
    3,049,200 SF

    HighLights

    • 70‑acre mixed‑use development opportunity.
    • Located in a designated Opportunity Zone.
    • Full city services available on‑site.
    • M‑1 zoning, allowing retail uses.
    • High‑visibility signalized corner lot.
    • Strategically positioned to serve East Bristol and Eastern Sullivan County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.1599325
    Latitude
    36.5643176

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    FAQs

    What type of property is this?
    Land - 70-acre mixed-use development opportunity.
    Where is this land located?
    The property is located at 421 At Hwy 394 Bristol, TN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 70-acre mixed-use development opportunity.; Located in a designated Opportunity Zone.; Full city services available on-site.
    Request Owner's contact information
    421 At Hwy 394 Bristol, TN 37620
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    Bristol, TN 37620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 At Hwy 394 Bristol, TN 37620
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