For Sale
$1,400,000

3500 Lee HwyBristol, VA 24202

Prime Restaurant Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A restaurant property, located at 3500 Lee Highway in Bristol, Virginia, presents a unique owner/user investment opportunity. Boasting 4,735 square feet, this 2011-built establishment is priced at $1,400,000 ($295.67/sq ft). Situated in a thriving retail hub with over 2.3 million square feet of retail space and an impressively low 1.1% vacancy rate (per CoStar Data), this location guarantees high visibility and consistent foot traffic. The property benefits from its prime position at a well-lit intersection on Lee Highway, experiencing a daily traffic count of 15,000 vehicles. This second-generation restaurant enjoys excellent access and visibility, surrounded by a strong roster of national retailers including Chick-fil-A, Discount Tire, The Home Depot, Target, PetSmart, and PopShelf. The property's APN is 190-A-1. This turnkey opportunity is ideal for an established restaurant operator seeking a high-traffic location with significant growth potential in a vibrant commercial environment. The property's robust location and strong tenant mix ensure a consistent stream of potential customers. This is a rare chance to acquire a well-positioned, high-performing restaurant in a desirable market.

Property Details for 3500 Lee Hwy

Property type
Retail properties, Restaurants
Square Feet
4,735 SF
Class
A
Year Built
2011

Location Insight

City
Bristol
County
Washington
State
Virginia
Latitude
36.6374961
Longitude
-82.1157401
3500 Lee Hwy, Bristol, Virginia

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3500 Lee Hwy
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