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    520 Falls Blvd Bristol, VA 24202

    Sponsored
    For Sale
    $890,000

    1.66 Acres, B-3 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.66-acre commercial lot presents a unique investment opportunity in the thriving Falls development of Bristol, Virginia. Located at 520 Falls Blvd, zip code 24202, this B-3 zoned property boasts unparalleled visibility and accessibility, situated near major retailers including Hobby Lobby, Planet Fitness, Tidal Wave Auto Spa, Dunkin' Donuts, Buffalo Wild Wings, and Lowe's. The strategic location ensures high traffic volume and significant exposure for any commercial venture. The property's 1.66 acres offer ample space for development, catering to a wide range of commercial uses permitted under the B-3 zoning designation. Furthermore, its proximity to Lee Highway provides convenient access for customers and employees. A significant advantage is the property's close proximity – approximately 5 miles – to the future Hard Rock Casino and resort currently under construction, promising substantial future growth and increased foot traffic in the area. The asking price for this exceptional commercial land is $890,000. A broker co-op is available. This is a rare opportunity to secure a prime commercial location in a rapidly developing area with strong existing and projected tenant demand.

    Property Features for 520 Falls Blvd

    General Information

    Property type
    Land
    Lot Size
    72,310 SF

    HighLights

    • 1.66‑acre commercial lot in Bristol, VA's thriving Falls development.
    • Located at 520 Falls Blvd, 24202, with B‑3 zoning.
    • High visibility and accessibility near major retailers (Hobby Lobby, Planet Fitness, etc.).
    • Ample space for various commercial uses.
    • Convenient access to Lee Highway and approximately 5 miles from the future Hard Rock Casino.
    • Asking price: $890,000; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.1428222
    Latitude
    36.630742

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    FAQs

    What type of property is this?
    Land - 1.66 Acres, B-3 Zoning, High Visibility
    Where is this land located?
    The property is located at 520 Falls Blvd Bristol, VA.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: 1.66-acre commercial lot in Bristol, VA's thriving Falls development.; Located at 520 Falls Blvd, 24202, with B-3 zoning.; High visibility and accessibility near major retailers (Hobby Lobby, Planet Fitness, etc.).
    Request Owner's contact information
    520 Falls Blvd Bristol, VA 24202
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    Bristol, VA 24202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 Falls Blvd Bristol, VA 24202
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