Property profile

2524 Skyline Rdg Bristol, VA 24201

OFF-MARKET
Commercial real estate
7.3 ac lot
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Property summary

AI-generated overview

This exceptional 7.3-acre parcel presents a compelling investment opportunity in Bristol, VA. Strategically located just off Gate City Highway, this mostly cleared land offers unparalleled potential for diverse development. Currently zoned R2, it's ideally suited for residential development, such as townhomes or single-family homes. However, the sellers are actively pursuing rezoning to B3, mirroring the zoning of adjacent properties. This rezoning would unlock significant commercial development potential, including hotels and other commercial ventures. The property boasts a prime location, only 0.4 miles from the Hard Rock Casino, 2 miles from the vibrant downtown area of Bristol, TN/VA, and 3 miles from The Pinnacle Shopping Center. Its convenient access from I-81, Exit 1, via Gate City Highway, ensures excellent accessibility. Furthermore, the elevated position provides scenic views. This property is situated within a rapidly developing area, benefiting from ongoing infrastructure improvements and nearby developments. This is a rare chance to acquire a significant land holding in a high-growth area with substantial commercial potential. The asking price is $1,300,000.

Property profile

Verified
Property type Commercial real estate
Lot 7.3 ac (317,988 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2524 Skyline Rdg Bristol, VA 24201
Bristol metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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