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    3002 Lee Hwy Bristol, VA 24202

    For Lease
    $18 SF/Yr ($9,114 /Mo)

    Retail/Office Space: Prime Bristol Location

    Lot size:
    6,076 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, the Shops at Beaver Creek, presents a rare opportunity in Bristol, VA. Located at 3002 Lee Hwy, this Class B building boasts 6,076 square feet across two suites, situated on a generous 34,412 square foot lot. Currently, one suite of 2,475 square feet is available for lease, representing a minimum divisible space. Built in 2004, the property benefits from a prime location at a signalized intersection, ensuring high visibility and accessibility. Ample parking is available, catering to both customers and employees. The meticulously maintained building offers a bright, spacious interior with abundant natural light, creating a professional and inviting atmosphere suitable for a variety of businesses, including retail, office, or service-oriented enterprises. The property's modern design and convenient location make it an ideal choice for businesses seeking a thriving environment in Bristol, Virginia. The APN is 187 3 1. This is a single-building property with multiple tenancy options.

    Property Features for 3002 Lee Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,076 SF
    Class
    B
    Total Rate
    9114

    Building Details

    Year Built
    2004
    Buildings
    1

    Unit(s) available at that property

    Space
    Unit 2
    Size
    2,475 SF
    Rate per SF
    $18

    HighLights

    • High‑traffic corner location with signalized intersection.
    • Minutes from the downtown core.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.13036783511
    Latitude
    36.632076907254

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    FAQs

    What type of property is this?
    Restaurant - Retail/Office Space: Prime Bristol Location
    Where is this restaurant located?
    The property is located at 3002 Lee Hwy Bristol, VA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High-traffic corner location with signalized intersection.; Minutes from the downtown core.;
    Request Owner's contact information
    3002 Lee Hwy 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
    3002 Lee Hwy Bristol, VA 24202
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