533 Island RdBristol, VA 24201

Property Details for 533 Island Rd

Year built

1949

Lot size

3.39 AC

Property size (Sq ft)

3,547 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Bristol

County

Bristol

State

Virginia

Latitude

36.5981

Longitude

-82.2352

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