Multifamily (Multi Family)

15589 Lee Hwy, Bristol, VA 24202

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Map & Directions

Other Stories: 2

FOR SALE

Price: $5,395,000 List Date: 2025-02-04 DOM: 1
City Tax: $0 County Tax: $2,263

Year Built: 1962 pre-1978 Homes

Total Area: 0 ft² (Finished & Unfinished)

Lot Size: 2.92 acre(s) Lot Dimensions: n/a Topography: Level

Heating: Other Cooling: Other Water & Sewage: Public

Appliances: Convection Oven, Refrigerator, Microwave, Cooktop

Description

Exclusively presenting 15589 Lee Highway in Bristol, VA. This property has been completely renovated and is ready to cashflow! Formally a motel, this conversion now provides 60 studio style units that are located just off I-81. Located minutes from the new Amazon off of Exit #7, and less that 15 minutes to the new Hard Rock Casino. Great investment in a fast growing market.Bristol, located in southwestern Virginia, is part of the region known as the Tri-Cities, which includes Bristol, Kingsport, and Johnson City. This property is a short drive from several local schools, major retailers, and restaurants. Additionally, the property is a 10 minute drive from the newly constructed Hard Rock Casino and is also near Bristol Motor Speedway. With easy interstate access, tenants will be able to quickly travel throughout the Tri-Cities.