Property profile

28 Flannagan Dr Bristol, VA 24202

OFF-MARKET
Specialty properties
10.3 ac lot
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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

Location

28 Flannagan Dr Bristol, VA 24202
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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