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    245 Gate City Hwy Bristol, VA 24201

    Sponsored
    For Sale
    $2,500,000

    COMMERCIAL - Bristol, VA

    Property size:
    3,321 SF
    Lot size:
    0.42 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 6 at 6:06 pm

    Property Features for 245 Gate City Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B3
    APN
    33 2 1 4a
    Size
    3,321 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    2001
    Building materials
    Block
    Roof type
    Rubber

    The Addington Agency Bristol (423) 845-5800

    Listing agent Garrett Addington (423) 646-1060 License #337697

    Listing date Dec 30, 2025

    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.

    Overview

    Bristol Commercial Property Near Casino

    This commercial property, strategically positioned at a signalized intersection across from Hard Rock Casino in Bristol, VA, presents a lucrative business opportunity. The property features over 3,300 square feet of versatile commercial space on 0.42 acres. It includes over 25 parking spaces and over 140 feet of road frontage on Gate City Highway, with an ADTC of 9,200+. Zoned B3, the property allows for various uses. The site has been a thriving business for over 40 years, with over 20 years in the current building, which was custom-built in 2001. The property has been immaculately maintained with streamlined operations, low staffing, 24-hour operations, remote monitoring via high-grade surveillance, top-of-the-line equipment, and easy access controls. It is equipped with 12 high-grade solar panels, 3-phase power, LED lighting, two newer HVAC units, and a 6-inch drain line. Additional revenue streams include the VA lottery and coin machines, with the potential to expand the commercial side of the business with services like dry cleaning, delivery, and retail goods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wash-A-Teria Laundromat

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.213044
    Latitude
    36.59711

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    FAQs

    What type of property is this?
    Car wash - Turnkey commercial operation with high visibility near Hard Rock Casino.
    Where is this car wash located?
    The property is located at 245 Gate City Hwy Bristol, VA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Prime location across from Hard Rock Casino with high visibility and 9,200+ ADTC.; - Turnkey business operation with proven high-yield investment potential and immediate cash flow.; - Versatile B3 zoning allowing for a myriad of uses and redevelopment opportunities.
    (423) 646-1060
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    Bristol, VA 24201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Gate City Hwy Bristol, VA 24201
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