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15589 Lee Highway, Bristol, VA 24202 - $5,395,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Multi Family Sub Type: Multi Family MLS Number: 9975744
Living Area: 0 Lot Acreage: 3 Year Built: 1962
Elementary School: High Point Middle School: Wallace High School: John S. Battle
Property 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.
Listing Status
Active
  • More Listing Info
    AC:Other5true
    Appliances:Convection Oventrue
    Appliances:Cooktoptrue
    Appliances:Microwavetrue
    Appliances:Refrigeratortrue
    Contract Info:ForeclosureNo
    Easements:None12true
    Exterior Finish:Block5true
    Exterior Finish:Brick4true
    Flooring:Laminatetrue
    General Property Description:# Buildings4
    General Property Description:# of Units60.0
    General Property Description:Acres2.92
    General Property Description:Elementary School3High Point
    General Property Description:High School3John S. Battle
    General Property Description:HOA YNNo
    General Property Description:Lot Dimensionsn/a
    General Property Description:Middle School2Wallace
    General Property Description:Stories22
    General Property Description:Total Units60
    General Property Description:Zoning2C
    Heating:Other12true
    Levels:Twotrue
    Location Tax Legal Info:City Taxes0.0
    Location Tax Legal Info:County Taxes2263.2
    Parking Features:Concrete2true
    Remarks Misc:Directions3Follow I-81 N, exit 10 from I-81 N Drive to US-11 N/US-19 N
    Remarks Misc:Public Remarks2Exclusively 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.
    Sewer:Public Sewertrue
    Structure Type:Multi Familytrue
    Style:Other53true
    TopographyLot Description:Level2true
    Unit 1:# Bathrooms51.0
    Unit 1:# Bedrooms31
    Unit 1:# Units60
    Unit 2:# Units20
    Unit 3:# Units30
    Unit 4:# Units40
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
SVN, Wood Properties
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