4577 Lee HwyBristol, VA 24202

  • Other commercial real estate
  • 2,132 SF
For Sale
$595,000 View listing

Property Details for 4577 Lee Hwy

Year built
1991
Lot size
0.81 AC
Property size (Sq ft)
2,132 SF
Property type
Other commercial real estate
APN
228 1 16 18
APU
22811618

Description

This exceptional mixed-use property, located at 4577 Lee Hwy in Bristol, Virginia (zip code 24202), presents a unique investment opportunity. The 2,100 square foot building, constructed in 1991, sits on a 1.19-acre lot and boasts a prominent highway frontage at Exit 7, adjacent to a major coffee chain. Its versatile layout is ideal for a variety of businesses, currently operating as a tobacco shop. The building features an attractive architectural shingled roof and ample space for signage. The HVAC system was recently replaced in 2021. The sale includes two parcels, with a minor easement for billboard signage between them. This property is being sold "as is," and proof of funds is required for showings. The asking price is $595,000. This high-traffic location offers unparalleled visibility and accessibility, making it an excellent choice for owner-users seeking a thriving business environment. The property's versatility allows for diverse uses, including but not limited to boutiques, men's stores, or hair salons. Don't miss this chance to own a piece of Bristol's vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $570,197
    Hospitality
    $522,297
    Educational
    $434,545
    Medical
    $449,490
    Retail
    $675,959
4577 Lee Hwy, Bristol, Virginia

Location Insight

City
Bristol
County
Bristol
State
Virginia
Latitude
36.6318
Longitude
-82.1237
CBSA code
28700
CBSA name
KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,504
$351,100
$140,300
$491,400
-
$351,100
$140,300
$491,400

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