For Sale
$999,000

28 Flannagan Dr Bristol, VA 24202

10 Acres, 50 Units, High Visibility

Overview

Added:
Dec 11, 2024
Days on market:
134
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

FAQs

What type of property is this?
Specialty property - 10 Acres, 50 Units, High Visibility
Where is the specialty property located?
The property is located at 28 Flannagan Dr Bristol, VA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: $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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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28 Flannagan Dr
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