Hwy 394 Vacant Land - Parcel 1 - VIDEO

Vacant Land for Sale
Catylist Listing ID: 30623709
Property Subtypes: Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 4.41 - 25.13 Acres
Sale Price: See Agent
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2020

Overview / Comments

First Time On The Market! Four individual parcels available along Hwy 394 in Blountville area. A part of the William H Cox estate, parcels range from 3.5 acres to over 30 acres. Properties lie within busy business area with Agero, Ballad Health, Eastman Credit Union, Food City Shopping Center and McDonald's in immediate vicinity. This section of Hwy 394 is experiencing rapid growth with two other nearby properties currently under contract. See drone VIDEO for overall property tour.

The prime parcel, Parcel 1, is 25 +/- acres of gently rolling land with over 400 ft of road frontage on Hwy 394 and extends back to Big Hollow Road. Excellent visibility and access makes the Hwy 394 portion ideal for commercial use. PROPERTY PRICING IS $150,000 AN ACRE UP TO 300 FT DEEP WITH THE NEXT 300 FT FOR $75,000 PER ACRE. A detention pond is already in place toward the front corner of property. The portion along Big Hollow Road is nicely suited to residential use. Any proposals for purchase of land on the commercial Hwy 394 frontage must extend to the back boundary of the land.

A proposed subdivision into two lots is presented for the commercial portion, see photo included. A PROPOSED 6.14 ACRE LOT WOULD BE PRICED AT $718,400 AND A PROPOSED 4.41 ACRE LOT WOULD BE PRICED AT $515,900. These boundaries can be adjusted to accommodate the buyers needs. Contact agent to discuss these possibilities or desired subdividing.

Parcel 2 is a 3.5 +/- acre tract located on the corner of Hwy 394 and Big Hollow Road. Property sits below grade with some physical challenges which would require some innovative planning. Access is possible from both Hwy 394 and Big Hollow Road.

Parcel 3, an 11 +/- acre site, is T-shaped situated toward the back of the Agero Building and the Ballad Health facility (formerly the Sprint Building) with access via Agero Drive. The land falls down on the westerly portion and wraps around the Agero Building offering visibility from Hwy 394. This parcel is heavily wooded with residential housing along the back boundary. Potential as multi family or single residential lot.

Also available is a large 30+ acre tract, indicated as Parcel 4, a densely wooded tract that slopes towards Feathers Chapel Road. The family owns the home on Feathers Chapel Road and are in the process of getting a survey to afford access to this tract. Price to be determined.

Hwy 394 is main traffic feeder connecting I-81 and Bristol Motor Speedway with this section being a growing bedroom community in this area of Sullivan County. Zoned B3, all parcels lay within Bristol City limits. Owner will consider subdividing. Measurements are approximate and should be verified via survey. See attached topo map, zoning map, zoning description and property surveys. Contact agent to discuss specifics.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082 066 03340 000 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 904 12,169 25,859
Median Age: 43.1 43.48 43.55
Households: 427 4,915 10,657

Contact

Photograph of Listing Agent

Jacqueline Lesley Hewitt

TCI Group - Jerry Petzoldt Agency, LLC NETAR CMLS Member
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