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    2520 State St Bristol, TN 37620

    For Sale
    $994,000

    Iconic Restaurant, High Traffic Location, All Equipment Included

    Property size:
    1,838 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property, located at 2520 W State Street in Bristol, Tennessee, presents a rare opportunity to acquire a piece of local history. The well-established Old Light House Diner boasts 1,838 square feet situated on a 0.25-acre lot at a high-traffic triple intersection of W State St, Euclid Ave, and Gate City Hwy, offering unparalleled visibility and accessibility. Its prime location, directly on the Tennessee/Virginia state line and in close proximity to the new Bristol Casino, ensures a consistent flow of potential customers. The sale includes *all* restaurant equipment, representing a truly turnkey business opportunity. This comprehensive inventory encompasses tables, chairs, silverware, plates, dishes, a fully equipped kitchen (ovens, grill, dishwasher), ample dry and cold storage (including a freezer), and display cases. The diner benefits from a recently installed new rubber roof in 2023, minimizing immediate maintenance concerns. The asking price for this established business is $994,000. Potential buyers are responsible for independently verifying all provided information. This is an exceptional chance to own and operate a thriving restaurant in a vibrant and growing area. Don't miss this unique opportunity to acquire a well-established business with significant potential for continued success.

    Property Features for 2520 State St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,838 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.21088
    Latitude
    36.59525

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic Restaurant, High Traffic Location, All Equipment Included
    Where is this commercial real estate located?
    The property is located at 2520 State St Bristol, TN.
    What is the asking price?
    The asking price for this property is $994,000.
    (423) 845-5800
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    2520 State St Bristol, TN 37620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2520 State St Bristol, TN 37620
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