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601 Commonwealth Avenue, Bristol, VA 24201

$1,250,000
  • 601 Commonwealth Avenue, Bristol, VA 24201 Main Photo

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Active
SQUARE FEET5,018 MLS#9997811
STATUSActive PROPERTY TYPECommercial - Retail NEIGHBORHOOD101 - Bristol VA (City)

Property Description

INVESTMENT OPPORTUNITY IN BRISTOL, VIRGINIA. Acquire an income-producing commercial property with established tenants, strong visibility, and future expansion potential at the prominent corner of Commonwealth Avenue and Euclid Avenue.Situated on approximately 0.54 acres, the property features a commercial building offering approximately 2,536 square feet of usable space and is currently occupied by two active tenants paying $1,500 and $2,500 per month, generating combined gross rental income of $4,000 per month, or $48,000 annually.The property benefits from excellent exposure at a highly traveled intersection, with VDOT traffic estimates indicating approximately 11,500 vehicles pass this corner each day. Its strategic location places the property approximately 1.9 miles from the Hard Rock Hotel & Casino Bristol, 1.5 miles from Interstate 81, and just 1.1 miles from historic Downtown Bristol.Additional growth potential may be available through the acquisition of approximately 0.35 acres of adjoining property located along Euclid Avenue, which is available for separate negotiation. If acquired, the combined site could offer approximately 0.89 acres and create additional possibilities for expansion, parking, redevelopment, or future commercial use, subject to applicable zoning and approvals.This offering presents investors with a compelling combination of immediate rental income, established occupancy, high daily traffic exposure, regional accessibility, and long-term strategic potential in the growing Bristol market. Continue operating as an income-producing investment or explore future opportunities to reposition and expand the site.IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

601 Commonwealth Avenue | MLS# 9997811

This commercial property located at 601 Commonwealth Avenue, Bristol, VA 24201 is currently listed for sale with an asking price of $1,250,000. Search 101 - Bristol Va real estate on cthacker.easttnliving.net today.

Property Features

Property Type: Commercial - Retail
Cooling: Central Air
Heating: Central
Lot Size: 0.53 Acres
Roof Type: Composition
Year Built: 1971

Feature Descriptions

Days on Site: 30
Equipment (Other): Additional Building(s), Smoke Detector(s)
Exterior: Metal Siding, Stucco, Vinyl Siding
Lot Dimensions: See aerials
Parcel Id: 26 429 1 2 3
Road Frontage: City Street
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected
Water: Public
Zoning: Commercial/Ind.

Listed By / Shown By

Listed By

Agency Name: LPT Realty - Griffin Home Group
Agency Phone: 423-482-0743

Shown By

Agent Name: Crystal Thacker
Agent Phone: (423) 285-9903
Agency Title: Crye-Leike Real Estate Services

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Source: Tennesse Virginia MLS

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