15589 Lee Highway Bristol, VA 24202

Multi-Family (2-4 Units) MLS #: 9975744 Courtesy Of SVN, WOOD PROPERTIES

$5,395,000

2.92 acres
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Estimated monthly payments: $23,583/mo.* (recalculate)

Property InformationDescription

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.
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Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Appliances: Cooktop, Microwave, Oven - Convection, Refrigerator
  • Architecture Style: Other
  • Exterior Type: Block, Brick
  • Floor Covering: Laminate
  • Lot Size: 2.92 Acres

MAP & DIRECTIONS

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15589 Lee Highway, Bristol, VA 24202
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School Information

15589 Lee Highway, Bristol, VA 24202

Elementary School
N/A
Middle School
Grades 6-8 | Public School
WALLACE MIDDLE SCHOOL
Bristol, VA 24202
13077 Wallace Pike
276.­642.5400
Distance: 2.9 mi
School Rating
A-
Student:Teacher Ratio
14:1
Total Students
463
High School
Grades 9-12 | Public School
JOHN S. BATTLE HIGH SCHOOL
Bristol, VA 24202
21264 Battle Hill Dr
276.­642.5300
Distance: 1.6 mi
School Rating
B
Student:Teacher Ratio
18:1
Total Students
674
Other Nearby Schools Distance Type Grades School Rating
High Point Elementary School 3.4 mi Public PK-5 A
Joseph Van Pelt Elementary School 4.1 mi Public PK-5 B
Emmanuel Christian School 4.1 mi Private KG-12
A. Linwood Holton Governor's School 5.2 mi Public UG
Abingdon Elementary School 5.2 mi Public PK-5 B+
Cornerstone Christian Academy 5.3 mi Private KG-12
Highland View Elementary School 5.8 mi Public PK-5 A-
Fairmount Elementary School 6.9 mi Public PK-5 C-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Bristol, VA 24202

Median Age: 51.3
Married: 60%
Number of Households: 5,689
Households with Children: 23.7%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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