520 Fls Blvd Bristol, VA 24202
This exceptional 1.66-acre commercial lot presents a unique investment opportunity in the thriving Falls development of Bristol, Virginia. Located at 520 Falls Blvd, zip code 24202, this B-3 zoned property boasts unparalleled visibility and accessibility, situated near major retailers including Hobby Lobby, Planet Fitness, Tidal Wave Auto Spa, Dunkin' Donuts, Buffalo Wild Wings, and Lowe's. The strategic location ensures high traffic volume and significant exposure for any commercial venture. The property's 1.66 acres offer ample space for development, catering to a wide range of commercial uses permitted under the B-3 zoning designation. Furthermore, its proximity to Lee Highway provides convenient access for customers and employees. A significant advantage is the property's close proximity – approximately 5 miles – to the future Hard Rock Casino and resort currently under construction, promising substantial future growth and increased foot traffic in the area. The asking price for this exceptional commercial land is $890,000. A broker co-op is available. This is a rare opportunity to secure a prime commercial location in a rapidly developing area with strong existing and projected tenant demand.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.