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3057 Lee Hwy - Storage Source One

19,805 SF Specialty Building Offered at $3,160,000 in Bristol, VA 24202

Investment Highlights

  • Low Saturation - According to Yardi, the 5-mile total self-storage saturation is just 2.11 sf / capita, with Zero sf / capita of CC space
  • Numerous Value-Add Opportunities - Included in the transaction is a 10,050 GSF climatized building that can provide 7,580 RSF of storage.
  • Desirable Location - The property is located at an off-ramp of I-81 (54k AADT) along Lee Hwy (28k AADT) in the primary retail corridor of Bristol
  • Numerous Value-Add Opportunities - There is also room for 91 modular units that would add 15,480 RSF of drive-up space.

Property Facts

Price $3,160,000
Price Per SF $160
Sale Type Investment
Property Type Specialty
Property Subtype
Self-Storage
  • Specialty Self Storage
Building Class C
Lot Size 2.06 AC
Building Size 19,805 SF
No. Stories 2
Year Built 2024
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
225-A-13
Land Assessment
$478,700
Improvements Assessment
$547,100
Total Assessment
$1,025,800
  • Listing ID: 33166091

  • Date on Market: 9/13/2024

  • Last Updated:

  • Address: 3057 Lee Hwy, Bristol, VA 24202

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