For Sale
$999,000

28 Flannagan DrBristol, VA 24202

10 Acres, 50 Units, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • $999,000 asking price for a Class A property.
  • 50-unit apartment building on 10.3 acres.
  • Located at 28 Flannagan Dr, Bristol, VA 24202.
  • B-3 & R-1 zoning permits multiple uses.
  • $97,087 per acre land value.
  • High visibility location on a busy highway, across from The Falls.

Property Details for 28 Flannagan Dr

Property type
Specialty properties, Land
Class
A
Lot Size (sq. ft)
448,668 SF
Units
50

Location Insight

City
Bristol
County
Bristol
State
Virginia
Latitude
36.6317691
Longitude
-82.1474585
28 Flannagan Dr, Bristol, Virginia

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28 Flannagan Dr
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