533 Island Rd Bristol, VA 24201

This exceptional 3.39-acre property at 533 Island Road, Bristol, VA 24201, presents a compelling investment opportunity. The offering includes a 3,547 square foot multifamily apartment building constructed in 1949, situated on a sizable lot with B1 zoning. The property boasts a prime location, just 1.6 miles from the Hard Rock Casino, 3.3 miles from The Pinnacle (shopping, dining, and entertainment), and 2 miles from Bristol Regional Medical Center. Its proximity to downtown Bristol (3 miles) and a new Tru by Hilton hotel (0.07 miles) further enhances its appeal. The existing structures comprise a 1,735 square foot, three-bedroom, 2.5-bathroom home, a separate garage, and an additional 1,800 square foot building, offering versatile space. The B1 zoning allows for multi-family use, and there's potential for rezoning to expand development options. The asking price is $499,000, translating to $140.68 per square foot. The property's APN is 412 A 3, 412 A 2, 412 A 3a. This unique combination of location, existing structures, and development potential makes this a truly attractive investment prospect in a thriving area.