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    5568 Bobby Hicks Hwy Johnson City, TN 37615

    Sponsored
    For Sale
    $3,500,000

    41.58 Acres, Hwy & I-26 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 41.58-acre tract presents a unique investment opportunity in Gray, Tennessee. Ideally situated for diverse development, the property boasts significant road frontage (over 760 square feet) on Bobby Hicks Highway, offering unparalleled visibility and accessibility. Its strategic location provides convenient access to Interstate 26, placing it within a short commute of major transportation arteries. Furthermore, the property's proximity to the Tri-Cities Airport (less than 5 miles) enhances its appeal for a wide range of commercial ventures. The land's zoning allows for a variety of uses, including commercial shopping centers, residential housing developments, and industrial complexes, making it an attractive prospect for developers seeking a versatile and strategically located site. The asking price for this expansive property is $3,500,000. The property is classified as agricultural, commercial, and residential land. This presents a rare chance to acquire a substantial parcel with significant development potential in a rapidly growing area. The property's size and location make it an ideal candidate for large-scale projects. Serious inquiries are encouraged.

    Property Features for 5568 Bobby Hicks Hwy

    General Information

    Property type
    Farms
    Lot Size
    1,811,225 SF

    HighLights

    • $3,500,000 asking price.
    • 41.58‑acre land parcel.
    • Agricultural, commercial, and residential zoning.
    • Located in Johnson City, TN, at 5568 Bobby Hicks Hwy, 37615.
    • High visibility with over 760 feet of road frontage on Bobby Hicks Hwy, near I‑26 and the Tri‑Cities Airport.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Domino's Pizza Pizza Delivery

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.46138112342
    Latitude
    36.424466635262

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    FAQs

    What type of property is this?
    Farm - 41.58 Acres, Hwy & I-26 Access
    Where is this farm located?
    The property is located at 5568 Bobby Hicks Hwy Johnson City, TN.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price.; 41.58-acre land parcel.; Agricultural, commercial, and residential zoning.
    Request Owner's contact information
    5568 Bobby Hicks Hwy Johnson City, TN 37615
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    Johnson City, TN 37615
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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
    5568 Bobby Hicks Hwy Johnson City, TN 37615
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