Catylist ID:
#30319731
| 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. |
Attachments & Media
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 |
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 |
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