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    3101 Highway 421 Bristol, TN 37620

    For Sale
    $489,850

    Revamped Commercial Building, Prime Location

    Property size:
    2,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 2,600 square foot commercial property, situated on a 1.23-acre lot at 3101 Highway 421 in Bristol, Tennessee, presents a compelling investment opportunity. Conveniently located just three miles from Bristol's city limits, this B3-zoned property enjoys proximity to the Hard Rock Casino and South Holston Lake, offering significant potential for a variety of commercial ventures. The building has undergone a substantial renovation, boasting a brand-new roof and gutters, ensuring long-term structural integrity. Further enhancements include the installation of two new vacuum systems, a completely updated septic system, and new water lines, significantly improving the property's functionality and efficiency. These recent upgrades minimize immediate maintenance needs, allowing for a seamless transition for the new owner. The ample 1.23-acre lot provides considerable space for expansion or outdoor activities, adding to the property's overall value and versatility. The B3 zoning opens doors to a wide range of commercial uses, making this property an attractive prospect for entrepreneurs and investors alike. All information provided is based on tax records and owner statements and should be independently verified by the buyer. The asking price for this meticulously updated commercial property is $489,850.

    Property Features for 3101 Highway 421

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,600 SF
    Lot Size
    53,579 SF

    Building Details

    Year Built
    1989
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.13432
    Latitude
    36.54305

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    FAQs

    What type of property is this?
    Commercial real estate - Revamped Commercial Building, Prime Location
    Where is this commercial real estate located?
    The property is located at 3101 Highway 421 Bristol, TN.
    What is the asking price?
    The asking price for this property is $489,850.
    (423) 217-0346
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    3101 Highway 421 Bristol, TN 37620
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    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
    3101 Highway 421 Bristol, TN 37620
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