7.3 Acres off Gate City Hwy Near Future Casino

Vacant Land for Sale
Catylist Listing ID: 30809470
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 7.30 Acres
Sale Price: $1,500,000
Unit Price: $205,479 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2022

Overview / Comments

7.3 Acres Zoned R2 with possible rezoning for Business

-7.3 (+/-) Mostly Cleared Acres
-Currently zoned R2, could apply to rezone B3 like adjoining properties
-0.4 miles to future Hard Rock Casino
-2 miles to Downtown Bristol TN/VA
-3 miles to The Pinnacle Shopping
-Adjacent to Brookdale Senior Living
-Just off the Gate City Highway, with easy access from I-81 exit 1.
-Currently zoned for Townhomes, or possible rezoning would allow for Hotel or other Commercial Uses

Additional Details

Nearest MSA: Kingsport-Bristol
County: Bristol
Tax ID/APN: 22-1-2
Zoning: R2
Property Located Between: I-81 and Euclid/West State St
Largest Nearby Street: Gate City Highway
Feet of Frontage: 620
Highway Access: Property is accessible from I-81, Exit 1 to Gate City Highway, Left on Skyline Rdg.
Airports: Tri-Cities Regional Airport
Site Description: Site is partially to mostly cleared. Topography is rolling. Site would make and excellent hotel site if it could be rezoned. There are two access points, one from Bristol View (now called Skyline Rdg) and from Bluegrass St.
Lot Frontage: 620
Lot Depth: 500 (Irregular, approximate)
Zoning Description: Current zoning is R2, which allows townhomes or single family residential. If the property could be rezoned like it's adjoining properties, to B-3, this would allow for hotel or other commercial uses.
Topography: Rolling
Available Utilities: Electric, Water, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,536 27,449 55,546
Median Age: 41.93 41.29 41.94
Households: 2,500 12,020 23,698

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