Property profile

2702 Lee Hwy Bristol, VA 24202

OFF-MARKET
Land
7.9 ac lot
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Property summary

AI-generated overview

This exceptional 7.9-acre commercial land parcel presents a significant investment opportunity in Bristol, Virginia. Located at 2702 Lee Hwy, this B-3 zoned property enjoys a highly desirable location adjacent to The Falls development, a thriving retail center anchored by established national tenants including Lowe's, Buffalo Wild Wings, and Hobby Lobby. The property's strategic position offers excellent visibility and accessibility, making it ideal for a variety of commercial uses or a multifamily development project. Its proximity to the bustling The Falls development ensures high traffic volume and strong consumer demographics. Furthermore, the property benefits from its convenient location just five miles from the under-construction Hard Rock Casino and Resort, a project poised to significantly boost the area's economic activity and attract further development. The asking price is $2,250,000. This represents a compelling opportunity to acquire a substantial land holding in a rapidly growing market with significant potential for future appreciation. The property is zoned for both commercial and residential uses, offering flexibility for a range of development scenarios. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 7.9 ac (344,124 SF)

Cap rate & NOI

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

Location

2702 Lee Hwy Bristol, VA 24202
Bristol metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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