Listing Agency: Prestige Homes of the Tri Cities, Inc. d***@prestigehomestricities.com Show Phone

Listed By: Andrew Neese · License #0225098384, 321552 Show Phone

Source: Exprealty

Added: Jul 14, 2025 Changed: Sep 2 Last Checked: Sep 15 at 3:45PM

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Investment Insights

Based on property information with market context.

This industrial flex warehouse offers a large, flexible interior layout with concrete floors across most areas and laminate floating flooring in the finished portion. The property includes a metal roof installed a little over 10 years ago (per the owner’s knowledge), and a new 210 service installed less than four months ago (per the owner’s knowledge). Multiple sections within the building are described as capable of being divided to support a multi-tenant setup, with additional storage space available for a single tenant configuration.

The building is located on Commonwealth Ave with reported over 60 feet of road frontage, plus alley access on the side. The asset presents frontage on a main road and is positioned for service and delivery access via the adjacent alley.

As described, the building includes offices up front with additional space toward the back that could support a contractor-oriented work and storage use, depending on how the interior sections are configured.

Key Highlights

• Over 60 feet of road frontage on Commonwealth Ave with alley access alongside the main road
• Metal roof installed a little over 10 years ago (per owner’s knowledge)
• Brand‑new 210 service installed less than 4 months ago

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

967

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex warehouse with concrete floors, an approximately 10-year-old metal roof, and alley access alongside major-road frontage.

Where is this flex space located?

The property is located at 471 Commonwealth Ave Bristol, VA.

What is the lease rate?

The lease rate is $142,000.

What are key features of this property?

This property features: Over 60 feet of road frontage on Commonwealth Ave with alley access alongside the main road; Metal roof installed a little over 10 years ago (per owner’s knowledge); Brand‑new 210 service installed less than 4 months ago