Falls Blvd Bristol, VA 24202

Listing agency Interstate Realty Company

Listed by Chase Roswall · License #VA 0225262760

Source Crexi

Added: Feb 7, 2022 Updated: Jul 6 at 8:11AM Checked: Jul 21 at 1:12PM

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Investment Insights

Based on property information with market context.

This retail development offers an investment opportunity with high visibility from I-81, which sees over 55,000 daily commuters, and Lee Hwy, with over 20,000 daily drivers. Outlots ranging from 1.35 acres to 35 acres are available within the development, which is expected to grow to over a million square feet of retail space. Current tenants include Lowe’s, Aldi, and Hobby Lobby, attracting over 3 million customers annually. The local demographics show a 2021 estimated population of nearly 80,000 within a 5-mile radius and a median household income of over $50,000. The upcoming Hard Rock Hotel and Casino, expected to open in summer 2024 approximately 5 miles away, is anticipated to increase local tourism and traffic to the retail development.

Key Highlights

• Incredible visibility from I‑81 and Lee Hwy.
• Existing tenants like Lowe’s and Aldi attract over 3 million customers annually.
• Significant growth potential with outlots available.

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FAQs

What type of property is this?

Commercial land - Land available in thriving retail development near I-81.

Where is this commercial land located?

The property is located at Falls Blvd Bristol, VA.

What are key features of this property?

This property features: Incredible visibility from I‑81 and Lee Hwy.; Existing tenants like Lowe’s and Aldi attract over 3 million customers annually.; Significant growth potential with outlots available.