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OFF-MARKET
Specialty properties

28 Flannagan Dr Bristol, VA 24202

10.3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.3-acre commercial development site in Bristol, VA, offers a unique investment opportunity. Located on a busy highway, directly across from "The Falls," this property boasts high visibility and a strategic location along the newly renovated Lee Highway. The site includes a 50-unit apartment building, zoned B-3 & R-1, and features a pre-approved commercial entrance completed by the City of Bristol and VDOT. A significant retention area provides over 250 feet of highway frontage. The median cut ensures easy ingress and egress, maximizing accessibility. The asking price is $999,000, representing a price per acre of $97,087 and a price per unit of $19,980. This fee-simple ownership offers significant potential for various commercial ventures, capitalizing on the high traffic volume and proximity to a major retail center. The property's APN is 185-A-6. Owners are motivated and open to negotiations. This is a rare opportunity to acquire a prime development site in a thriving Virginia market.

Property profile
Verified
Property type Specialty properties
Lot 10.3 ac (448,668 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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