1775 Old Airport Rd Bristol, VA 24202
- Commercial real estate
- 3,800 SF
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1775 Old Airport Rd
- Year built
- 1981
- Lot size
- 0.48 lot acres
- Property size
- 3,800 SF
- Property type
- Commercial real estate
- APN
- 189 A 15 14A
- APU
- 189A1514A
Description
This exceptional investment opportunity presents a vacant, 4,195 square foot hotel situated on a high-visibility corner lot in Bristol, Virginia. Located at 1775 Old Airport Rd, this property boasts a prime location on one of Bristol's busiest highways, offering unparalleled exposure and high traffic counts. The 2.26-acre lot is zoned B-3, providing flexibility for redevelopment or revitalization. The single-story, 1981-built structure presents a unique chance to capitalize on the area's strong commercial activity. With access from both Lee Highway and Old Airport Road (Exit 7, I-81), this location is strategically positioned to benefit from significant traffic flow. The property's current condition allows for either renovation of the existing buildings or demolition to make way for a new development. This opportunity is further enhanced by its location within an Opportunity Zone, offering potential tax advantages for qualified investors. The asking price is $3,000,000, translating to $715.14 per square foot. The property's APN is 189-A-15, 189-A-14C, 189-A-14, 189-A-14A, 189-A-14B. This is a rare chance to acquire a high-traffic, high-visibility property in a thriving market.
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
- Bristol
- State
- Virginia
- Longitude
- -82.1211
- Latitude
- 36.6321
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
