This prime development opportunity is located within 5 minutes drive-time of Bristol's major attractions and major employers. The Bristol Regional Medical Center and the Pinnacle Shopping complex are a few blocks west. Both are super-regional demand generators. The new Hard Rock Casino is packed with customers for food, fun and entertainment every weekend and it's located a short drive East. Again, a super-regional demand generator. With easy 4-lane highway access and Interstate 81 frontage, this site is perfect for food, retail, or service related consumer business. The site is easily visible from the Virginia Welcome Center on Interstate 81.
This site is within the Border Region Retail Development District allowing for sales tax reimbursement. A portion of the State’s share of sales tax is allocated to the developer to cover eligible development costs. These costs include such items as acquisition, financing charges and interest; design, engineering, and legal fees; location assistance, site work, utilities, and building construction. The amount of allocation (payback) you receive is determined by the amount of sales tax generated by your project. On prior projects this amount has been approximately 3.7% of retail sales amounts.
The site is graded and compacted and one of the owners is a design builder with decades of experience building retail, office, medical, and other large scale projects. The owner will consider outright sale, ground lease, or build to suit. Can we show you what your concept would look like on this site?