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245 Gate City Hwy Bristol, VA 24201

For Sale
$2,750,000

Prime Bristol location, high-traffic, turnkey operation.

Property size:
3,321 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional commercial property, located at 245 Gate City Highway in Bristol, VA, presents a lucrative investment opportunity. Situated on 0.42 acres of land at a signalized intersection directly across from the Hard Rock Casino, this high-visibility location boasts over 3,321 square feet of versatile commercial space and 25+ parking spaces. The property features over 140 feet of road frontage on Gate City Highway, benefiting from an impressive average daily traffic count exceeding 9,200 vehicles. Zoned B3, this flexible zoning allows for a wide range of commercial uses. The existing building, custom-built in 2001, has been meticulously maintained and operated as a thriving business for over 20 years. Equipped with state-of-the-art features including 12 high-grade solar panels, 3-phase power, LED lighting, two newer HVAC units, and a 6-inch drain line, the property offers significant operational efficiencies. Additional revenue streams are generated from vending machines, coin machines, and the Virginia Lottery. The property also includes advanced security features such as 24-hour remote monitoring and individual utility cutoffs. This turnkey operation offers immediate cash flow potential and significant long-term appreciation, making it a rare opportunity in the highly sought-after casino district. The asking price is $2,750,000.

Property Features for 245 Gate City Hwy

General Information

Property type
Other commercial real estate
Square Feet
3,321 SF
Lot Size
18,295 SF

Building Details

Year Built
2001

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Wash-A-Teria Laundromat

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bristol
County
Bristol City
State
Virginia
Longitude
-82.21305
Latitude
36.59715

FAQs

What type of property is this?
Commercial real estate - Prime Bristol location, high-traffic, turnkey operation.
Where is this commercial real estate located?
The property is located at 245 Gate City Hwy Bristol, VA.
What is the asking price?
The asking price for this property is $2,750,000.
More about this property
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