877 Old Airport Rd
Bristol, VA 24201
Sonic · Retail Property For Sale

This subject investment property is situated at 877 Old Airport Road in Bristol, VA. Old Airport road has an average daily traffic count of 8,600 vehicles. The subject property is located just down the road from a point of ingress/egress for Interstate-81. The interstate brings another 51,000 vehicles into the immediate area each day, on average. There are approximately 15,523 people living within a three-mile radius of the subject property and 40,375 people living within a five-mile radius. The subject property is well-positioned in a highly dense retail corridor consisting of shopping centers and national and local retail tenants, which are all situated in the immediate surrounding area. Major national tenants in the area include: Ross, Target, Best Buy, The Home Depot, Walmart, Sam’s Club, Chili’s, Red Lobster, Cheddar’s, Bojangles’, Starbucks, Chick-fil-A, Dollar General, Shell, Wells Fargo, Food City, and Taco Bell, as well as many other national and local retail and restaurant concepts. In addition to these numerous restaurant and retail concepts, there are four schools within a two-mile radius of the subject property. John S. Battle High School, Wallace Middle School, High Point Elementary School, and Joseph Van Pelt Elementary School combine to have a total enrollment of nearly 2,100 students. Bristol, VA is an independent city in the Commonwealth of Virginia and is the twin city of Bristol, TN. The two cities are located just across the state line, which runs down the middle of its main street, from each other. Bristol is the principal city in the Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical area, which is a component of the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area, and is commonly known as the “Tri-Cities” Region. The city boasts one of the more advanced broadband networks in the country. In the late 1990s Bristol Virginia Utilities (BVU) funded a project that would be the first of its kind, with the goal of creating one of the nations strongest broadband networks. Since its inception, the project has received $22.7 Million in government funding, and has created almost 300 new jobs while providing service to over 500 businesses, schools, and hospitals. Bristol is eager to welcome new business to the city, and actively works with new investors who wish to bring new businesses to the city, or invest in existing ones, to help to grow the city’s economy.