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    120 Shankle Mill Rd Bristol, TN 37620

    Sponsored
    For Sale
    $1,500,000

    30 Acres, Opportunity Zone, High Growth Corridor

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 30-acre commercial land parcel presents a unique investment opportunity in Bristol, Tennessee. Located on Shankle Mill Road, this property boasts a highly desirable location within Bristol's fastest-growing corridor, offering unparalleled access and visibility. The zoning permits both B-3 and R-1A uses, providing flexibility for a wide range of commercial and residential developments. Its strategic proximity to key landmarks further enhances its appeal. Just minutes away lies the soon-to-open Hard Rock Casino, The Pinnacle shopping center, and the Bristol Regional Medical Center, ensuring high traffic and strong potential for future growth. The property's designation as an Opportunity Zone adds significant tax advantages for qualified investors. The APN is 020A A 053.00. This is a rare chance to acquire a substantial land holding in a thriving area with significant development potential. The asking price is $1,500,000. The property's address is 120 Shankle Mill Road, Bristol, TN 37620. This prime location offers unparalleled potential for significant return on investment. Don't miss this exceptional opportunity to secure a piece of Bristol's burgeoning future.

    Property Features for 120 Shankle Mill Rd

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • $1,500,000 asking price.
    • 30‑acre commercial land parcel.
    • B‑3 & R‑1A zoning.
    • Located on Bristol, TN's fastest‑growing corridor.
    • Minutes from Hard Rock Casino (under development), The Pinnacle, and Bristol Regional Medical Center.
    • Opportunity Zone property.
    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 Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.226647
    Latitude
    36.592665

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    FAQs

    What type of property is this?
    Land - 30 Acres, Opportunity Zone, High Growth Corridor
    Where is this land located?
    The property is located at 120 Shankle Mill Rd Bristol, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 30-acre commercial land parcel.; B-3 & R-1A zoning.
    Request Owner's contact information
    120 Shankle Mill 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
    120 Shankle Mill Rd Bristol, TN 37620
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