Development Land at Bristol Exit 7

Vacant Land for Sale
Catylist Listing ID: 29810790
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 40 - 41 Acres
Sale Price: $2,085,000
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

This great site is located at the terminus of Forsyth Road at the signalized corner at Lee Highway. The two newer corporate offices that adjoin this are the former Alpha Natural Resources and the Southwest Virginia Higher Education Energy Center. While these attractive buildings suggest an office park is probable, the adjacent Sugar Grove City park, and super-close grocery stores and schools suggest a multi-family and Senior Living component.

The site's rolling and sloping topography supports multi-use or subdivision and the availability of all public utilities services would similarly allow a mix of lot sizes and uses.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: Washington County Virginia
Tax ID/APN: 141 - A-59
Market Type: Medium
Road Type: Paved, Cul-de-sac
Property Visibility: Good
Largest Nearby Street: Lee Highway
Traffic/Vehicle Count: 15,000
Transportation: Highway
Highway Access: I-81 Exit 7 is 1/2 mile away.
Site Description: Rectangular shaped site increases in elevation from the road terminus toward the middle of the property. The site's topography overall ranges from flat to moderately sloping with numerous pockets of flat areas.
Lot Frontage: 866
Lot Depth: 2069
Zoning Description: B-2, Business General is intended for the conduct of governmental, professional, and general commercial and retail businesses. Other allowed uses include motels, restaurants, and dealerships. Special exception uses include theatres, multi-family, Senior care, schools, and warehousing, distribution and processing.
Development Name: Lauren Land Company
Topography: Undulating
Easements: Ingress/Egress, Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,162 16,857 43,118
Median Age: 46.54 42.73 41.85
Households: 488 7,144 18,581


Photograph of Listing Agent

Michael E. Green, CCIM MAI SIOR

Century 21 Legacy
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