Two-Tenant Specialty
For Sale
$1,100,000
601 Commonwealth Avenue, Bristol, VA 24201
Commercial/Ind. zoning and two active tenants define this occupied commercial asset.
Property Size5,018 SF
Lot Size0.54 Acres
Price / SF$219.21
Days on Market11
Property Features for 601 Commonwealth Avenue
General Information
Standard status
Active
Size
5,018 SF
Lot size
0.54 Acres
Zoning
Commercial/Ind.
Site & Location
Corner Location
Yes
Traffic Count
11,500 vehicles/day
Additional Details
Gross Income
$48,000
Amenities
true
Public
0.53
See aerials
Additional Building(s),Smoke Detector(s)
City Street
5018
Building Details
Building Size
5,018 SF
Year Built
1971
Buildings
1
Tenancy
Multi
Listing Agency:
Greater Impact Realty LLC
(423) 973-8634
Listed By:
Carrie Cope · License #375420
(218) 640-0325
Source:
Greaterimpactrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 2:35PM
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 Greater Impact Realty LLC
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Investment Insights
Based on property information with market context.
This specialty commercial property contains a building constructed in 1971 and is occupied by two active tenants. The site is zoned Commercial/Ind., and the property is located at the corner of Commonwealth Avenue and Euclid Avenue in Bristol, Virginia.
VDOT estimates approximately 11,500 vehicles pass the intersection each day. The property is 1.5 miles from Interstate 81, 1.1 miles from historic Downtown Bristol, and 1.9 miles from Hard Rock Hotel & Casino Bristol. An adjoining 0.35-acre parcel along Euclid Avenue is available for separate negotiation.
VDOT estimates approximately 11,500 vehicles pass the intersection each day. The property is 1.5 miles from Interstate 81, 1.1 miles from historic Downtown Bristol, and 1.9 miles from Hard Rock Hotel & Casino Bristol. An adjoining 0.35-acre parcel along Euclid Avenue is available for separate negotiation.
Key Highlights
- Two active tenants currently occupy the property
- VDOT traffic estimates approximately 11,500 vehicles per day at Commonwealth Avenue and Euclid Avenue
- 1.5 miles from Interstate 81
Property Analytics
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Current Use
Lease Details
11,500 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
125
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
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Frequently Asked Questions
What type of property is this?
Specialty property - Commercial/Ind. zoning and two active tenants define this occupied commercial asset.
Where is this specialty property located?
The property is located at 601 Commonwealth Avenue Bristol, VA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two active tenants currently occupy the property; VDOT traffic estimates approximately 11,500 vehicles per day at Commonwealth Avenue and Euclid Avenue; 1.5 miles from Interstate 81
