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    245 Gate City Hwy Bristol, VA 24201

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    For Sale
    $2,750,000

    Turnkey commercial property with high visibility and multiple revenue streams.

    Property size:
    3,321 SF
    Lot size:
    0.42 Acres

    Property Features for 245 Gate City Hwy

    General Information

    Size
    3,321 SF
    Lot size
    0.42 Acres

    Source: The Addington Agency Agent Garrett Addington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bristol Commercial Property Near Casino

    This commercial property in Bristol presents a business opportunity with potential for growth. The property is located at a signalized intersection across from Hard Rock Casino. The building, custom built in 2001, features over 3,300 square feet of commercial space on 0.43 acres. There are over 25 parking spaces and over 140 feet of road frontage on Gate City Highway, with an ADTC of 9,200+. Zoned B3, the property allows for a variety of uses. The business has been a local establishment for over 40 years, with over 20 years in the current building. The property includes 12 solar panels, 3-phase power, LED lighting, and two HVAC units. It also features a 6'' drain line and remote monitoring capabilities via surveillance. Additional equipment includes coin exchangers, credit card swipers, and vending machines. Additional revenue streams include the VA lottery and coin machines, with the potential to expand commercial services such as dry cleaning, delivery, and retail goods. The property is suitable for continuing the current operations or redevelopment.
    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
    Washington
    State
    Virginia
    Longitude
    -82.2135835
    Latitude
    36.5974728

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    FAQs

    What type of property is this?
    Car wash - Turnkey commercial property with high visibility and multiple revenue streams.
    Where is this car wash 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.
    What are key features of this property?
    This property features: - Prime location across from Hard Rock Casino at a signalized intersection with high visibility and 9,200+ ADTC.; - Turnkey operation with a 40+ year history of profitability and significant growth potential.; - Versatile 3,300 sq ft commercial space on 0.43 acres with flexible B3 zoning allowing for diverse business opportunities.
    (423) 646-1060
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    245 Gate City Hwy Bristol, VA 24201
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    Bristol, VA 24201
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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
    245 Gate City Hwy Bristol, VA 24201
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