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    2016 Veda Dr Bristol, VA 24201

    Sponsored
    For Sale
    $1,100,000

    Boutique Hotel Opportunity near Hard Rock Casino

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.39-acre corner lot in Bristol, VA, presents a unique development opportunity. Located directly adjacent to an entrance of the new Hard Rock Hotel and Casino, this property boasts a prime location with high visibility and significant foot traffic. Currently zoned for commercial use, the site is approved for a boutique hotel, offering investors a chance to capitalize on the burgeoning tourism sector fueled by the casino's presence. The existing house on the property will require demolition to facilitate commercial development. The property consists of one building, two stories, and is classified as Class A. The asking price is $1,100,000. The property's APN is 22-2-2-1, 22-2-2-2A. This is an excellent investment opportunity for developers seeking a high-return project in a rapidly growing area. The address is 2016 Veda Dr, Bristol, VA 24201. The city of Bristol has expressed openness to alternative commercial uses beyond a boutique hotel, providing flexibility for potential investors. This location offers unparalleled access to the Hard Rock Hotel and Casino's amenities and clientele, creating a strong foundation for a successful venture.

    Property Features for 2016 Veda Dr

    General Information

    Property type
    Hotels
    Class
    A
    Lot Size
    16,988 SF

    Building Details

    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.218969261012
    Latitude
    36.601072470022

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    FAQs

    What type of property is this?
    Hotel - Boutique Hotel Opportunity near Hard Rock Casino
    Where is this hotel located?
    The property is located at 2016 Veda Dr Bristol, VA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    Request Owner's contact information
    2016 Veda Dr Bristol, VA 24201
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    Bristol, VA 24201
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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
    2016 Veda Dr Bristol, VA 24201
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