Bristol Commercial Property Near
For Sale
Contact for pricing
245 Gate City Hwy, Bristol, VA 24201
Turnkey commercial property with high visibility and multiple revenue streams.
Property Size3,321 SF
Lot Size0.43 Acres
Price / SF$600.72
Days on Market152
Property Features for 245 Gate City Hwy
General Information
Standard status
Active
Size
3,321 SF
Class
A
Lot size
0.43 Acres
Property subtype
Business for Sale, Retail
Zoning
B3
Occupancy
100%
Net Operating Income
$233,400
Building Details
Year Built
2001
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Addington Agency
(423) 930-4713
Listed By:
Garrett Addington · License #TN: 337697
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: May 12 at 8:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Addington Agency
Investment Insights
Based on property information with market context.
This commercial property in Bristol offers a lucrative business opportunity. The property is strategically positioned at a signalized intersection across from Hard Rock Casino. The property includes over 3,300 sq ft of commercial space on 0.43 acres. It features over 140' of road frontage on Gate City Hwy, with an ADTC of 9,200+, and 25+ parking spaces. Zoned B3, the property allows for a myriad of uses. The property has been a thriving business in the community for over 40+ years, with over 20+ years in the current building that was custom built in 2001. The property has streamlined operations, low staffing, 24-hour operations, remote monitoring capabilities via high-grade surveillance, top-of-the-line equipment, and easy access controls, each with individual cutoffs for electricity and water. Additional equipment includes coin exchangers, credit card swipers, and vending machines. The property is equipped with 12 high-grade solar panels, 3-phase power, LED lighting, and (2) newer HVAC units. It also features a 6'' drain line. Additional revenue streams include the VA lottery and coin machines, with the potential to expand the commercial side of the business with services like dry cleaning, delivery, and retail goods. The property is located in the casino district.
Key Highlights
- Prime location across from Hard Rock Casino with high visibility and 140'+ of road frontage.
- Turnkey business operation with a 40+ year history and proven high‑yield investment potential.
- Versatile 3,300+ sq ft commercial space on 0.43 acres with flexible B3 zoning.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
4,296 visits/mo
0.4 miles
Valero Energy
Shops & Services
3,131 visits/mo
0.4 miles
Demographics for 24201, VA
16,267
Population
8,138
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
10.1 sq mi
ZIP Area
1,611
Density / Sq Mi
$43,591
Median Household Income
$38,820
Median Earnings
$763
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,995,000.
What are key features of this property?
This property features: Prime location across from Hard Rock Casino with high visibility and 140'+ of road frontage.; Turnkey business operation with a 40+ year history and proven high‑yield investment potential.; Versatile 3,300+ sq ft commercial space on 0.43 acres with flexible B3 zoning.
