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    2702 Lee Hwy Bristol, VA 24202

    Sponsored
    For Sale
    $2,250,000

    7.9 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.9-acre commercial land parcel presents a significant investment opportunity in Bristol, Virginia. Located at 2702 Lee Hwy, this B-3 zoned property enjoys a highly desirable location adjacent to The Falls development, a thriving retail center anchored by established national tenants including Lowe's, Buffalo Wild Wings, and Hobby Lobby. The property's strategic position offers excellent visibility and accessibility, making it ideal for a variety of commercial uses or a multifamily development project. Its proximity to the bustling The Falls development ensures high traffic volume and strong consumer demographics. Furthermore, the property benefits from its convenient location just five miles from the under-construction Hard Rock Casino and Resort, a project poised to significantly boost the area's economic activity and attract further development. The asking price is $2,250,000. This represents a compelling opportunity to acquire a substantial land holding in a rapidly growing market with significant potential for future appreciation. The property is zoned for both commercial and residential uses, offering flexibility for a range of development scenarios. Serious inquiries are encouraged.

    Property Features for 2702 Lee Hwy

    General Information

    Property type
    Land
    Lot Size
    344,124 SF

    HighLights

    • 7.9‑acre commercial land parcel in Bristol, VA.
    • Located at 2702 Lee Hwy, B‑3 zoning.
    • Adjacent to The Falls retail center (Lowe's, Buffalo Wild Wings, Hobby Lobby).
    • Excellent visibility and accessibility, suitable for various commercial or multifamily uses.
    • Five miles from the Hard Rock Casino (under construction).
    • Asking price: $2,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -82.139303581901
    Latitude
    36.631550370914

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    FAQs

    What type of property is this?
    Land - 7.9 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 2702 Lee Hwy Bristol, VA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 7.9-acre commercial land parcel in Bristol, VA.; Located at 2702 Lee Hwy, B-3 zoning.; Adjacent to The Falls retail center (Lowe's, Buffalo Wild Wings, Hobby Lobby).
    Request Owner's contact information
    2702 Lee Hwy 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
    2702 Lee Hwy Bristol, VA 24202
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