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Flex Building with Alley Access
For Lease
$142,000

471 Commonwealth Ave, Bristol, VA 24201

Commercial Lease, Bristol, VA

Space SizeContact for details
Lot Size0.30 Acres
Days on Market405

Property Features for 471 Commonwealth Ave

General Information

Property type Commercial Lease
Property subtype Other
Zoning B3
Directions FROM I-81 heading south, take exit 3. Keep Driving south on Commonwealth Ave, look for property on left.
Subdivision 101 - Bristol VA (City)
Standard status Active
APN 26 5 2 7
Size 1,700 SF
Lot size 0.30 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1891
Building materials Block
Roof type Metal
Listing Agency: Prestige Homes of the Tri Cities, Inc.
Listed By: Andrew Neese · License #0225098384, 321552
Added: Jul 14, 2025 Changed: Aug 19 Last Checked: Aug 22 at 9:06AM
MLS# 9983104

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,700-square-foot flex building occupies a 0.3-acre parcel on Commonwealth Avenue in Bristol. The block construction includes multiple interior sections, finished areas with laminate flooring, and concrete floors through most of the remaining space. The layout provides office areas toward the front and substantial storage and work space elsewhere in the building. A metal roof was installed a little over 10 years ago, and a new 210 service was added less than four months ago.

The property has more than 60 feet of road frontage along Commonwealth Avenue, with additional access from a side alley. Public water and public sewer serve the site. Built in 1891, the building is designated B3 and offers a combination of finished commercial space, storage, and work areas within an established Bristol location.

Key Highlights

  • 1,700 SF flex building on a 0.3‑acre parcel
  • More than 60 feet of frontage on Commonwealth Avenue
  • Side‑alley access supplements main‑road frontage

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Garden Center Storage Facility Kitchen & Bath Showroom Parking Lot & Garage Big Box & Wholesale 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
Yes
Utilities to site
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,170
Businesses Nearby
Balanced
Demand for This Use

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Bank Street Bristol 14 Bank St, Bristol, TN 37620
  • Delta Blues BBQ 724 State St, Bristol, TN 37620

Frequently Asked Questions

What type of property is this?
Flex space - B3-zoned building with office areas, storage, work space, and access from a side alley.
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: 1,700 SF flex building on a 0.3‑acre parcel; More than 60 feet of frontage on Commonwealth Avenue; Side‑alley access supplements main‑road frontage
More about this property
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