Hairston Property

Vacant Land for Sale
Catylist Listing ID: 30319731
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 10.30 Acres
Sale Price: $1,350,000
Unit Price: $131,067 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/18/2022

Overview / Comments

Ready for Development. This Great Retail Opportunity, strategically located across from "The Falls" in Bristol, Virginia along the newly renovated and expanded Lee Highway! This great development site already has a Commercial Entrance assigned and completed by the City of Bristol, Virginia and VDOT. The property also features a Retention area which belongs to the road runoff, and creates visibility frontage of over 250 feet along the Highway. Also, with the new road construction of the Commercial Entrance a median cut is aligned for ingress and egress, making this property across from "The Falls" a great option. Call for more information and confidential tour of the Property.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: City of Bristol, Virginia
Tax ID/APN: 185 S 5, 6
Zoning: B-3 & R-1
Property Located Between: Exit 5, I-81 and Exit 7, I-81
Property Visibility: Excellent
Legal Description: Upon request
Largest Nearby Street: Lee Highway
Highway Access: Property is aligned with Flannagan Drive and has a commercial entrance onto Lee Highway.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Elevated site containing 6.3 acres Zoned B-3 along Lee Highway across from "The Falls". Additionally, at the rear of the adjoining the previous lot is a 4.1 acre parcel zoned R-1.
Area Description: Retail area of Bristol, Virginia across from Aldi's, Lowe's Hobby Lobby, Cabella's, Sheetz, and a new Strip Center. The area between Exit 5, and Exit 7 contains nearly all levels of shopping, as well as restaurants, movie theater, and hotels.
Lot Frontage: 250'
Lot Depth: 1000'
Zoning Description: B-3 Commercial, designed for high density retail and business uses R-1 Single family housing
Development Name: Hairston Property
Topography: Hilly
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Retention area in the front of the Property, and normal easements for utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 771 22,855 51,154
Median Age: 40.23 41.28 41.8
Households: 334 10,103 21,952


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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