132 Mesa Ln - Apartments FOR SALE


Bristol, VA 24201
$5,400,000 USD
423-676-4214
132 Mesa Ln, Bristol, VA for Sale
$5,400,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

132 Mesa Ln
Bristol, VA 24201


HIGHLIGHTS

  • Multi-family apartment property comprising multiple units across several buildings, suitable for income-generating housing investments.
  • Strategically located within close proximity to downtown Bristol and major transportation corridors, providing direct access to urban amenities.
  • Spans over 2.25 acres of land with ample room for parking, landscaped common areas, or potential future improvements.
  • Existing improvements include brick construction and flat roof design with shared on-site amenities to support tenant needs.
  • Strong positioning within a residential neighborhood near schools, retail, and employment centers, driving consistent rental demand.
  • Public utilities available, simplifying operational logistics and reducing infrastructure challenges for ownership.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

52

PRICE/UNIT

$103,846

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holston View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1939

PARKING SPACES

42

LAND DETAILS

LAND ACRES

7.35 AC

LAND SF

320,166 SF

ZONING

R

APN/PARCEL ID

17-5-1

ASK ABOUT THIS PROPERTY

Ben HurdHurd RealtyMore Info
423-676-4214

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Ben HurdHurd RealtyMore Info
423-676-4214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.