Multi-Tenant Net-Leased Office
For Sale
Contact for pricing
2426 Lee Hwy, Bristol, VA 24202
A 2-story, 100% leased office building at a signaled intersection with an anchor government tenant.
Property Size32,202 SF
Lot Size4.01 Acres
Days on Market122
Property Features for 2426 Lee Hwy
General Information
Standard status
Active
Size
32,202 SF
Lot size
4.01 Acres
Property subtype
Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1996
Stories
2
Tenancy
Multi
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Glenn Perkins · License #VA 0225224327
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 3:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCI Group – Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
Preston Square is a 2-story, 1996-built multi-tenant office building offered on a 100% fee simple basis. The property consists of 32,202 square feet and is currently 100% leased to a mix of government, healthcare, dental, legal, financial, and other service businesses.
The building fronts busy Lee Highway and Blevins Blvd at a signaled intersection. Veterans Administration is the anchor tenant with a 10-year initial term lease commencing in 2018, with a rent escalation in 2024. Other in-place tenants include Catalyst Health, Prometric, Ratliff Investments dba The Reliance Law Group, Bristol Therapy Services, Holston United Methodist Home, Edward Jones, Victoria Bettis dba Bettis Family Dentistry, and Elite Staffing.
The property is at the intersection of Lee Highway and Blevins Blvd, which serves as the main entrance to The Falls retail and restaurant corridor, and it has immediate access to I-81 at Exit 5. Note that the building address has been updated from 2426 Lee Highway to 3130 Lee Highway, and E-911 changed the address on the property in Summer 2021, while some Virginia property records and online mapping may not yet be updated.
The building fronts busy Lee Highway and Blevins Blvd at a signaled intersection. Veterans Administration is the anchor tenant with a 10-year initial term lease commencing in 2018, with a rent escalation in 2024. Other in-place tenants include Catalyst Health, Prometric, Ratliff Investments dba The Reliance Law Group, Bristol Therapy Services, Holston United Methodist Home, Edward Jones, Victoria Bettis dba Bettis Family Dentistry, and Elite Staffing.
The property is at the intersection of Lee Highway and Blevins Blvd, which serves as the main entrance to The Falls retail and restaurant corridor, and it has immediate access to I-81 at Exit 5. Note that the building address has been updated from 2426 Lee Highway to 3130 Lee Highway, and E-911 changed the address on the property in Summer 2021, while some Virginia property records and online mapping may not yet be updated.
Key Highlights
- 100% fee simple interest in a 2‑story multi‑tenant net leased commercial building totaling 32,202 sq ft on 4.01 acres in Bristol, VA
- Preston Square fronts busy Lee Highway and Blevins Blvd at a signaled intersection, with immediate access to I‑81 at Exit 5
- Property constructed in 1996 and fully leased to a tenant mix including a Veterans Administration anchor tenant
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 24202, VA
12,716
Population
6,270
Households
2
Avg Household Size
47
Median Age
20%
College-Educated
92%
High-School Grad
128.8 sq mi
ZIP Area
99
Density / Sq Mi
$58,333
Median Household Income
$36,435
Median Earnings
$850
Median Rent
$195,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - A 2-story, 100% leased office building at a signaled intersection with an anchor government tenant.
Where is this office building located?
The property is located at 2426 Lee Hwy Bristol, VA.
What are key features of this property?
This property features: 100% fee simple interest in a 2‑story multi‑tenant net leased commercial building totaling 32,202 sq ft on 4.01 acres in Bristol, VA; Preston Square fronts busy Lee Highway and Blevins Blvd at a signaled intersection, with immediate access to I‑81 at Exit 5; Property constructed in 1996 and fully leased to a tenant mix including a Veterans Administration anchor tenant
