Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Iconic Diner on State Line Title is generated by Realmo AI

    2520 State Street, Bristol, TN 37620

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $829,000

    Turnkey restaurant opportunity in high-traffic Bristol location.

    Type:Commercial/Industrial
    Property size:
    1,470 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $563/SF
    Added:
    Mar 12, 2026
    Days on Market:
    66
    Last Refresh:
    Apr 6 at 3:12 am

    Property Features for 2520 State Street

    General Information

    Standard status
    Active
    Size
    1,470 SF
    Lot size
    0.25 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Jeff Rountree

    Listing agent Jeff Rountree License #TN352561 | VA0225264

    Listing office The Addington Agency Bristol

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Bristol

    HighLights

    • Turnkey restaurant business opportunity in an iconic, recognizable landmark.
    • High‑visibility location on the TN/VA state line with extremely heavy traffic flow.
    • Prime location minutes from the new Bristol Casino.
    • Includes all restaurant equipment: tables, chairs, fully equipped kitchen, storage, display cases, etc.
    • New rubber roof installed in 2023.
    • Located at the bustling intersection of W State St, Euclid Ave, and Gate City Hwy.

    Overview

    This is a turnkey business opportunity located directly on the Tennessee/Virginia state line at the intersection of W State St, Euclid Ave, and Gate City Hwy. The property is situated in a high-visibility location with heavy traffic flow and proximity to the new Bristol Casino. The sale includes all restaurant equipment, such as tables, chairs, silverware, plates, and dishes, a fully equipped kitchen with ovens, grill, and commercial dishwasher, dry storage with inventory, cold storage including freezer units, and display cases. A new rubber roof was installed in 2023. The property is 1470 square feet and is suitable for a restaurant or diner business.
    Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Similar Places Nearby

    • Mountain Empire Rentals — 25 10th St, Bristol, TN 37620

    Map

    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.2109
    Latitude
    36.5952

    Nearby Similar for Sale

    • $479,900
      2,694 SF

      Turn-Key Office in Bristol Heart

      Remodeled office building with charm, character, and high visibility.
      512 Alabama Street, Bristol, TN 37620
      View Details
    • $749,900
      25,758 SF

      Historic Bristol Commercial Redevelopment Opportunity

      Unique 25,758 SF property in revitalized downtown Bristol.
      509 Shelby Street, Bristol, TN 37620
      View Details
    • $424,900
      4,242 SF

      Historic Bristol Commercial Building For Sale

      Landmark 4,242 SF building in Bristol's Downtown Business District.
      16 5th Street, Bristol, TN 37620
      View Details
    • $209,900
      864 SF

      Commercial Building in Central Bristol

      Commercial building with high visibility and strong accessibility.
      1704 Shelby Street, Bristol, TN 37620
      View Details
    • $525,000
      6,300 SF

      Bristol Church Property on 5+ Acres

      Church property with sanctuary, fellowship hall, offices, and parking.
      607 Greenfield Place, Bristol, TN 37620
      View Details
    • $379,999
      1,502 SF

      Four-Plex Rental Property For Sale

      Four-unit rental property near downtown Bristol, TN/VA.
      620 Cherry Street, Bristol, TN 37620
      View Details
    • $315,000
      2,190 SF

      Bristol, TN Triplex Investment

      Well-maintained triplex in Bristol, TN, near downtown and attractions.
      1703 Windsor Avenue, Bristol, TN 37620
      View Details
    • $350,000
      1,938 SF

      Updated Ranch with Income Potential

      Unique property near downtown Bristol with rental and Airbnb potential.
      1326 Valley Drive, Bristol, TN 37620
      View Details
    • $315,000
      2,190 SF

      Bristol TN Triplex Investment Opportunity

      Well-maintained triplex in Bristol, Tennessee, with strong rental potential.
      1703 Windsor Avenue, Bristol, TN 37620
      View Details
    • $180,000
      2,400 SF

      Downtown Bristol Commercial Space Available

      Commercial space in Bristol's active downtown area, ready for business.
      227 Bluff City Highway, Bristol, TN 37620
      View Details
    • $1,249,900
      2,100 SF

      Versatile Mixed-Use Property For Sale

      Four parcels zoned B-3, ideal for retail, office, or mixed-use.
      109 Meadow St, Bristol, TN 37620
      View Details
    • $279,999
      1,215 SF

      Bristol Office Building Near Downtown

      Brick office building near downtown Bristol in historic residential area.
      Bristol, TN 37620
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Turnkey restaurant opportunity in high-traffic Bristol location.
    Where is this breakfast & diner located?
    The property is located at 2520 State Street Bristol, TN.
    What is the asking price?
    The asking price for this property is $829,000.
    What are key features of this property?
    This property features: Turnkey restaurant business opportunity in an iconic, recognizable landmark.; High‑visibility location on the TN/VA state line with extremely heavy traffic flow.; Prime location minutes from the new Bristol Casino.
    (423) 845-5800
    We can help!
    Listing Contact
    Jeff Rountree
    Real Estate License ID: TN352561 | VA0225264
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2520 State Street, Bristol, TN 37620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!