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    5700 Bobby Hicks Hwy Johnson City, TN 37615

    For Sale
    $275,000

    High-visibility lot, ideal for retail or office.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1-10 acre industrial land parcel, located at 5700 Bobby Hicks Hwy in Johnson City, Tennessee (APN: 090005O B 00401), is offered at $275,000. The asking price translates to $250,000 - $275,000 per acre. Situated in Washington County, zip code 37615 (36.4279619, -82.4561355), this property boasts a highly visible location slightly elevated above Bobby Hicks Highway, providing excellent exposure for potential development. Its strategic position between Interstate 26 and Tennessee State Route 75 (Kingsport Highway) ensures easy access and high traffic volume. The site's versatility makes it suitable for a wide range of commercial uses, including grocery stores, retail developments, and office/retail combinations. The area is considered prime for additional grocery stores, making this an A+ location for investors seeking high-return opportunities. This is a rare opportunity to acquire a well-positioned industrial land parcel in a thriving commercial area.

    Property Features for 5700 Bobby Hicks Hwy

    General Information

    Property type
    Individual retail properties
    Lot Size
    43,560 SF

    HighLights

    • $275,000 asking price.
    • 1‑10 acre industrial land parcel.
    • $250,000 - $275,000 per acre land value.
    • Located at 5700 Bobby Hicks Hwy, Johnson City, TN 37615 (APN: 090005O B 00401).
    • High visibility site, ideal for retail or office development.
    • Prime location between I‑26 and TN‑75 (Kingsport Hwy).
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Realty agency Spa & Massage Clothing Store Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic Hotel & Motel Grocery Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4561355
    Latitude
    36.4279619

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    FAQs

    What type of property is this?
    Individual retail property - High-visibility lot, ideal for retail or office.
    Where is this individual retail property located?
    The property is located at 5700 Bobby Hicks Hwy Johnson City, TN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price.; 1-10 acre industrial land parcel.; $250,000 - $275,000 per acre land value.
    Request Owner's contact information
    5700 Bobby Hicks Hwy 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
    5700 Bobby Hicks Hwy Johnson City, TN 37615
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