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    1775 Old Airport Rd Bristol, VA 24202

    For Sale
    $3,000,000

    Vacant Hotel, High Visibility, 4,195 SF

    Property size:
    4,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a vacant, 4,195 square foot hotel situated on a high-visibility corner lot in Bristol, Virginia. Located at 1775 Old Airport Rd, this property boasts a prime location on one of Bristol's busiest highways, offering unparalleled exposure and high traffic counts. The 2.26-acre lot is zoned B-3, providing flexibility for redevelopment or revitalization. The single-story, 1981-built structure presents a unique chance to capitalize on the area's strong commercial activity. With access from both Lee Highway and Old Airport Road (Exit 7, I-81), this location is strategically positioned to benefit from significant traffic flow. The property's current condition allows for either renovation of the existing buildings or demolition to make way for a new development. This opportunity is further enhanced by its location within an Opportunity Zone, offering potential tax advantages for qualified investors. The asking price is $3,000,000, translating to $715.14 per square foot. The property's APN is 189-A-15, 189-A-14C, 189-A-14, 189-A-14A, 189-A-14B. This is a rare chance to acquire a high-traffic, high-visibility property in a thriving market.

    Property Features for 1775 Old Airport Rd

    General Information

    Property type
    Hotels
    Square Feet
    4,195 SF
    Class
    B
    Lot Size
    98,446 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    1

    HighLights

    • $3,000,000 asking price for a vacant, 4,195 SF hotel.
    • Located at 1775 Old Airport Rd, Bristol, VA 24202, on a 2.26‑acre lot.
    • High‑visibility corner location with high traffic counts at Exit 7 of I‑81, offering excellent visibility from Lee Highway and Old Airport Road.
    • Property consists of three vacant buildings suitable for redevelopment or new construction.
    • Located in an Opportunity Zone, offering potential tax benefits for reinvestment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    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
    -82.1215892
    Latitude
    36.6320989

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    FAQs

    What type of property is this?
    Hotel - Vacant Hotel, High Visibility, 4,195 SF
    Where is this hotel located?
    The property is located at 1775 Old Airport Rd Bristol, VA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: $3,000,000 asking price for a vacant, 4,195 SF hotel.; Located at 1775 Old Airport Rd, Bristol, VA 24202, on a 2.26-acre lot.; High-visibility corner location with high traffic counts at Exit 7 of I-81, offering excellent visibility from Lee Highway and Old Airport Road.
    Request Owner's contact information
    1775 Old Airport Rd 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
    1775 Old Airport Rd Bristol, VA 24202
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