531 State St Bristol, VA 24201

Located in downtown Bristol, this two-story brick building, constructed circa 1890, offers an opportunity to own a historic income-producing property. Known as Ryland Jewelry for nearly a century, the building combines character with investment potential in a walkable area. The main level features a commercial storefront with a long-standing tenant, providing passive income. The upper level is ready for a custom build-out, suitable for a residential loft, office space, expanded commercial use, or downtown storage. The building showcases original architectural details including 15' ceilings, a pressed metal ceiling on the first floor, exposed brick, wood floors, and an original staircase upstairs. The storefront was updated around 1980, and the upper facade retains mid-century paneling that could be removed to restore its original windows and elevation. Zoned for commercial use and eligible for Historic Tax Credits and potential grant funding, this property is ideal for investors, business owners, or creatives. Short-term rentals are also permitted, making it a candidate for revenue generation during major events such as Rhythm & Roots, Bristol Motor Speedway races, and happenings at the new Hard Rock Casino. The property has 3,981 square feet of space. Flood insurance is required. There is no on-site parking included, but nearby spaces may be rented.