For Sale
$499,000

533 Island RdBristol, VA 24201

3.39-acre Bristol apartment building, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Highlights

  • 1735 sq ft, 3 bed, 2.5 bath single-family home.
  • Detached garage.
  • 1800 sq ft accessory building.
  • Multi-family rezoning potential.

Property Details for 533 Island Rd

Property type
Apartment buildings
Square Feet
3,547 SF
Year Built
1949
Lot Size (sq. ft)
147,668 SF

Location Insight

City
Bristol
County
Bristol
State
Virginia
Latitude
36.598146
Longitude
-82.235248
533 Island Rd, Bristol, Virginia

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533 Island Rd
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