2524 Skyline Rdg Bristol, VA 24201
This exceptional 7.3-acre parcel in Bristol, Virginia presents a compelling investment opportunity. Currently zoned R2, allowing for townhome or single-family residential development, the property boasts a prime location just off Gate City Highway, only 0.4 miles from the Hard Rock Casino. Its proximity to downtown Bristol (2 miles) and The Pinnacle Shopping Center (3 miles) further enhances its appeal. The seller is actively pursuing B3 rezoning, mirroring adjacent properties, which would unlock significant potential for commercial ventures such as hotels. The mostly cleared land offers convenient access from I-81, Exit 1, and enjoys scenic views from its ridgetop position. This property is ideally situated to benefit from ongoing development and infrastructure improvements in a rapidly expanding area. The asking price is $1,500,000. This is a rare chance to acquire a strategically located property with substantial upside potential in a thriving market. The property's accessibility, views, and proximity to key amenities make it an attractive proposition for both residential and commercial developers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.