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Second-Generation Restaurant
For Sale
Contact for pricing
Pending

3500 Lee Hwy, Bristol, VA 24202

Restaurant improvements occupy a prominent position within an established retail concentration on Lee Highway.

Property SizeContact for details
Days on Market142

Property Features for 3500 Lee Hwy

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Woodlock Capital
Listed By: Patrick Nealon · License #113461
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 7:32PM

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 Woodlock Capital

Investment Insights

Based on property information with market context.

This 4,735 SF second-generation restaurant offers an existing commercial restaurant configuration with direct exposure at a signalized intersection on Lee Highway. The site combines strong roadway access with visibility from approximately 15,000 vehicles per day.

The surrounding retail node contains 2.3 million SF of retail space and reports a 1.1% vacancy rate. Nearby national and regional commercial occupants include Chick-fil-A, Discount Tire, The Home Depot, Target, PetSmart, and PopShelf, providing a broad retail setting for the property.

Key Highlights

  • 4,735± SF second‑generation restaurant
  • Signalized Lee Highway intersection
  • Traffic count of 15,000 vehicles per day

Property Analytics

Current Use

Mellow Mushroom Bristol Take-out & Catering

Suggested Use

Top Pick Parking Lot & Garage Law Firm Electrical Service Locksmith (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby
356k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 29% Superstores 23% Dining 21% Shops & Services 16%
Target Superstores
82,727 visits/mo 0.3 miles
Chick-fil-A Dining
61,570 visits/mo 0.2 miles
T.J. Maxx Apparel
44,261 visits/mo 0.4 miles
Ross Dress for Less Apparel
24,362 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
22,364 visits/mo 0.2 miles

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant improvements occupy a prominent position within an established retail concentration on Lee Highway.
Where is this conventional restaurant located?
The property is located at 3500 Lee Hwy Bristol, VA.
What are key features of this property?
This property features: 4,735± SF second‑generation restaurant; Signalized Lee Highway intersection; Traffic count of 15,000 vehicles per day
More about this property
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