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    518 Raytheon Rd Bristol, TN 37620

    Sponsored
    For Sale
    $1,200,000

    33 Acres, Mixed-Use Potential, Stunning Views

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33.75-acre development site in Bristol, TN, offers unparalleled potential. Located near Bristol Motor Speedway and the Hard Rock Hotel & Casino, this fee-simple property boasts breathtaking views of the Holston Valley and Holston Mountain Range. The R-1A zoning allows for high-end residential development, capitalizing on the elevated terrain and privacy. City utilities are readily available, ensuring convenient infrastructure for future construction. The site's proximity to Volunteer Parkway and Highway 394 provides easy access to Bristol and Johnson City. This redevelopment opportunity is ideal for a partner who appreciates the harmony between development and nature, preserving the abundant wildlife present on the land. The property is being sold for $1,200,000, presenting a unique chance to create a prestigious residential community while maintaining the natural beauty of the surrounding area. The location offers convenience to schools and shopping, enhancing the desirability of any development. This is a rare chance to acquire a significant tract of land in a prime location with exceptional views and access.

    Property Features for 518 Raytheon Rd

    General Information

    Property type
    Agricultural land
    Lot Size
    1,470,150 SF

    HighLights

    • 33‑acre development site in Bristol, TN, offering privacy and wildlife.
    • Excellent location near schools and shopping, with easy access to Volunteer Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.185071682714
    Latitude
    36.555034469496

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    FAQs

    What type of property is this?
    Agricultural land - 33 Acres, Mixed-Use Potential, Stunning Views
    Where is this agricultural land located?
    The property is located at 518 Raytheon Rd Bristol, TN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 33-acre development site in Bristol, TN, offering privacy and wildlife.; Excellent location near schools and shopping, with easy access to Volunteer Parkway.;
    Request Owner's contact information
    518 Raytheon Rd 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
    518 Raytheon Rd Bristol, TN 37620
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