King Mill Properties

Vacant Land for Sale
Catylist Listing ID: 30055510
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 8.26 Acres
Sale Price: $139,000
Unit Price: $16,828 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

Great visibility and access to this property creates a fantastic opportunity for an expanding business opportunity or multi-family. The property should be available for B-1, re-zoning which will allow for a great many business opportunities. For more information and possible economic incentives from the City and the Commonwealth of Virginia.
For a confidential showing, please contact the Listing Agent.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Bristol
Taxing Authority: City of Bristol, Virginia
Tax ID/APN: 384 1 1
Zoning: R-2, R-3 & ADJACENT TO B-1
Property Located Between: Valley Drive and Old Airport Road
Property Visibility: Excellent
Legal Description: Upon request
Largest Nearby Street: Valley Drive
Feet of Frontage: 700
Highway Access: Valley Drive leads to Lee Highway, and Old Airport Road to I-81.
Airports: TRI - Tri Cities Regional Airport; Highlands Community Airport
Site Description: Along King Mill Pike the Property is at nearly the road height, and then moves up the elevation. Great visibility and access along King Mill Pike, and Shakesville Road.
Area Description: Residential area with Business opportunities and expansion.
Lot Frontage: 700'
Lot Depth: 1,600'
Zoning Description: R-2, R-3 which allows for single family and multi-family housing. This property adjoins B-1 and this property could be re-zoned to B-1 as well.
Development Name: King Mill Properties
Topography: Gently Sloping
Easements: Electric Lines, Utilities
Soil Type: Clay
Available Utilities: Electric, Water, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,417 31,923 55,786
Median Age: 40.81 41.2 42.1
Households: 3,203 13,832 23,975
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