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Property profile

5700 Bobby Hicks Hwy Johnson City, TN 37615

OFF-MARKET
Retail properties & Spaces
1 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5700 Bobby Hicks Hwy Johnson City, TN 37615
Johnson City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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