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Two-Level Mixed-Use Commercial Property
New
For Sale
$1,000,000

523 State Street, Bristol, VA 24201

COMMERCIAL - Bristol, VA

Property Size9,337 SF
Lot Size0.30 Acres
Price / SF$107.10
Days on Market2

Property Features for 523 State Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Directions From I-81 N, take Exit 3 for I-381 S toward Bristol. Continue onto I-381 S, then VA-381 S/Commonwealth Ave. Turn left onto State St. The destination will be on the left.
Subdivision 101 - Bristol VA (City)
Standard status Active
APN 37 5 24 32
Size 9,337 SF
Lot size 0.30 Acres

Utilities

Sewer type Public Sewer
Cooling system Central Air
Water source Public

Building Details

Year built 1891
Listing Agency: LPT Realty - Griffin Home Group
Listed By: Jim Griffin · License #310406
Added: Aug 4 Last Checked: Aug 5 at 5:06AM
MLS# 9999076

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.

Located at 523 State Street in Bristol, Virginia, this two-level mixed-use property contains 9,337 square feet and dates to 1891. Three business tenants currently occupy the building, representing cigar retail, music and video production, and cannabis uses. The second floor includes two residential apartments under construction: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom.

A private parking lot behind the building adds approximately 16 spaces and measures approximately 0.20 acres according to the property description. The site is positioned in historic Downtown Bristol along the State Street corridor, where the Virginia-Tennessee state line runs through the center of the roadway. The property has Commercial zoning, central air, public water, and public sewer.

Key Highlights

  • 9,337‑square‑foot, two‑level mixed‑use property built in 1891
  • Three business tenants currently occupy the building
  • Two residential apartments under construction on the second level

Property Analytics

Current Use

Audioasis Recording Studio Sidetrack Tobacco (Bike/Boat/Book/etc) Store The Original Sidetrack Tobacco (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Storage Facility Building Supply Dental Office Parking Lot & Garage

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

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,213
Businesses Nearby
45k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Dining 36% Beauty & Spa 2%
Applebee's Dining
11,965 visits/mo 0.5 miles
Exxon Shops & Services
7,583 visits/mo 0.3 miles
Dollar General Shops & Services
6,572 visits/mo 0.3 miles
Shell Shops & Services
4,549 visits/mo 0.5 miles
Marathon Petroleum Shops & Services
3,600 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercially zoned downtown building with established business occupancy, apartments under construction, and private parking behind the property.
Where is this mixed-use property located?
The property is located at 523 State Street Bristol, VA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 9,337‑square‑foot, two‑level mixed‑use property built in 1891; Three business tenants currently occupy the building; Two residential apartments under construction on the second level
More about this property
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