Property details
About 15589 Lee Hwy
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.
Highlights
Summary
- MLS Number: 9975744
- MLS Name: Tennessee/Virginia Regional MLS
- Office Name: SVN, Wood Properties
- Office Phone: (865) 936-9999
- Office Email: george.brown@svn.com
- Listing Agent: Kevin Tipton
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,395,000
15589 Lee Hwy
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 04, 2022 | Home Sold | $1,600,000 |
| Jun 04, 2008 | Home Sold | $623,600 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $377,100 | $- |
| 2023 | $377,200 | $2,263 |
| 2022 | $7,600 | $3,285 |
| 2021 | $547,600 | $3,285 |
| 2020 | $766,600 | $4,829 |
| 2019 | $766,600 | $4,829 |
History based on county public records data.
Nearby schools
9
High Point Elementary School
Public District PK-5
3.3 mi
•14091 Sinking Creek Rd
6
Joseph Van Pelt Elementary School
Public District PK-5
4.0 mi
•350 Spring Hill Ter
7
Abingdon Elementary School
Public District PK-5
5.3 mi
•19431 Woodland Hills Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,000. Typical income of Bristol, VA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Monster Trucks
NASCAR
Hunting
Where do the neighbors shop?
Wal-Mart
Dollar General
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
Country- Classic Country
New Country
This home is located at 15589 Lee Hwy in Bristol, VA and zip code 24202. Features: 0 bathroom. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $5,395,000.
While more than 2 listings in Bristol, VA in January 2025 were sold above asking price, there were more than 6 listings sold at asking price, and more than 18 were sold below. The number of listings in Bristol, VA decreased by 4.4% between December and January 2025. While the average time on the market in January 2025 was 88 days, the median list price was $212,000.