Downtown Bristol Mixed-Use
For Sale
Contact for pricing
513 State St, Bristol, VA 24201
Mixed-use building in downtown Bristol with office and retail potential.
Property Size19,084 SF
Price / SF$91.70
Days on Market1055
Property Features for 513 State St
General Information
Standard status
Active
Size
19,084 SF
Class
A
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
B-2
Building Details
Year Built
1949
Listing Agency:
TCI Group Bristol
Listed By:
Rick Armstrong, III · License #VA 0225069934
Source:
Crexi
Added: Oct 5, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:09AM
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 TCI Group Bristol
Investment Insights
Based on property information with market context.
Located in downtown Bristol, Virginia, this mixed-use building presents a business opportunity in the "Jewel of the Mountain Empire." Constructed in 1949 to a high standard, the Dent K. Burke building features steel bar joints, steel I beams, and metal decking with concrete floors on each level. A chase between floors, nearly 5 feet in height, allows for expansion or change of use, such as loft living on the second floor. The building is designed to accommodate two separate businesses, with front and rear stairwells and an up-to-date elevator. Restrooms are located throughout both floors. The property includes 12 parking spaces. Currently used as professional office space by an accounting firm for over twenty years, the building contains offices of exceptional size, with several executive offices that could be divided. The second floor features an open area suitable for at least 20 cubicles, along with offices along the walls and a large training room at the front. The lower level and second floor can be used as open space, suitable for a retail operation. With the existing 12 parking spaces and the possibility of up to 40 more, tenant parking could support the development of high-end lofts in historic downtown Bristol, Virginia. The property has a size of 19084 square feet.
Key Highlights
- Prime downtown Bristol, VA location in the "Jewel of the Mountain Empire."
- Solid commercial construction with steel bar joints, steel I beams, metal decking, and concrete floors.
- Potential for two separate businesses with front and rear stairwells, an elevator, and restrooms on both floors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,213
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in downtown Bristol with office and retail potential.
Where is this mixed-use property located?
The property is located at 513 State St Bristol, VA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime downtown Bristol, VA location in the "Jewel of the Mountain Empire."; Solid commercial construction with steel bar joints, steel I beams, metal decking, and concrete floors.; Potential for two separate businesses with front and rear stairwells, an elevator, and restrooms on both floors.
