2524 Skyline Rdg Bristol, VA 24201
- Commercial real estate
- 7.30 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2524 Skyline Rdg
- Lot size
- 7.30 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Washington
- State
- Virginia
- Longitude
- -82.2149
- Latitude
- 36.605
