The Addington Agency is pleased to exclusively present a rare investment opportunity to acquire a vacant educational facility with tremendous value-add upside through a variety of repurposing efforts. 1717 Bristol Caverns Highway in Bristol, Tennessee is a 46,475+/- square-foot school building that was delivered in 1940 on an expansive 15.94+/- acre lot with A-1 zoning. The property was previously home to Holston Valley Middle School and Impact Community Center, and the asset still has much of the existing community center/school infrastructure. A new owner could find strong value-add upside through a conversion or redevelopment into multifamily units, assisted living/senior living units, or self-storage.

The property is primely positioned on Bristol Caverns Highway, just off the heavily trafficked U.S. Highway 421, providing convenient access to downtown Bristol in under 15 minutes. 1717 Bristol Caverns Highway is also located within 20 minutes of one of Bristol's top demand drivers, Bristol Motor Speedway. Bristol Motor Speedway is a 146,000-seat, historic racetrack that has played as host to annual NASCAR races, college football games, and other major entertainment events for over 60 years. 2025 will mark the first year that an MLB game will be played at Bristol Motor Speedway, and the state of Tennessee, which is sure to draw crowds with nearby states not having an MLB team.

1717 Bristol Caverns Highway is ideally located in a thriving pocket of Bristol, Tennessee. The 3-mile population accounts for over 6,700 residents with a solid average household income above $85,000. The 3-mile population spends over $93M annually in total specified consumer spending with over $15M going towards household expenses. Just 18% of the 3-mile radius rents as their primary form of housing, and a new multifamily or senior living community could capture some of the population looking to rent rather than own.

1717 Bristol Caverns Highway is a fantastic investment offering with future upside through a variety of conversion opportunities.