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Holston View 132 Mesa Ln 52 Unit Apartment Building $5,400,000 ($103,846/Unit) Bristol, VA 24201
Investment Highlights
- Multi-family apartment property comprising multiple units across several buildings, suitable for income-generating housing investments.
- Spans over 2.25 acres of land with ample room for parking, landscaped common areas, or potential future improvements.
- Strong positioning within a residential neighborhood near schools, retail, and employment centers, driving consistent rental demand.
- Strategically located within close proximity to downtown Bristol and major transportation corridors, providing direct access to urban amenities.
- Existing improvements include brick construction and flat roof design with shared on-site amenities to support tenant needs.
- Public utilities available, simplifying operational logistics and reducing infrastructure challenges for ownership.
Executive Summary
Nestled in a well-established residential community just off Euclid Avenue and Lee Highway, 132 Mesa Lane offers the perfect blend of everyday convenience and exciting entertainment options in Bristol, VA (ZIP 24201). World-Class Entertainment Nearby: Just a short drive away is the Hard Rock Hotel & Casino Bristol (on Gate City Highway), featuring nearly 1,500 slots, table games, live music, dining, and vibrant nightlife — perfect for exciting evenings without leaving the area. NASCAR Thrills at Bristol Motor Speedway: Only about 10–15 minutes away is the legendary Bristol Motor Speedway (“The World’s Fastest Half-Mile”), home to high-energy NASCAR races like the Bass Pro Shops Night Race. Experience the roar of the engines and the electric race-day atmosphere right in your backyard. Unbeatable Access: Easy access to I-81, with quick drives to downtown Bristol’s vibrant State Street (where you can stand in two states at once), shopping, dining, and entertainment. Daily Conveniences: Close to Euclid Village Shopping Center, grocery stores, restaurants, pharmacies, and essential services. Outdoor & Recreation: Nearby parks, the scenic Appalachian trails, South Holston Lake for boating and fishing, and Steele Creek Park — all great for hiking, picnics, and weekend getaways. Culture & Community: Minutes from the Birthplace of Country Music Museum, the Paramount Center for the Arts, and Bristol’s thriving arts and music scene. Served by Bristol City Public Schools in a family-friendly neighborhood. Whether you’re seeking a comfortable home with low-maintenance living, an investment property, or a base for enjoying Bristol’s legendary entertainment and outdoor lifestyle, this Holston View location delivers exceptional value in one of Southwest Virginia’s most historic and dynamic communities.
Property Facts
| Price | $5,400,000 | Building Class | C |
| Price Per Unit | $103,846 | Lot Size | 7.35 AC |
| Sale Type | Investment | Building Size | 44,833 SF |
| No. Units | 52 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1939 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.94/1,000 SF |
| Zoning | R - Residential | ||
| Price | $5,400,000 |
| Price Per Unit | $103,846 |
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 7.35 AC |
| Building Size | 44,833 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1939 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | R - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Views
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | - |
| 2+2 | 24 | - | - |
| 3+1 | 4 | - | - |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 17-5-1 | Improvements Assessment | $374,900 |
| Land Assessment | $178,400 | Total Assessment | $553,300 |
Property Taxes
Parcel Number
17-5-1
Land Assessment
$178,400
Improvements Assessment
$374,900
Total Assessment
$553,300
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Holston View | 132 Mesa Ln