This exceptional mixed-use property, the Dent K. Burke Building, presents a unique investment opportunity in vibrant downtown Bristol, Virginia. Built in 1891 and renovated in 2017, this Class A, two-story building boasts 19,084 square feet of vacant space on a 10,374 square foot lot. The building features robust construction, including steel bar joints, steel I-beams, and metal decking with concrete floors. Internal chases offer significant potential for loft conversions. The layout is ideal for multiple businesses, with separate front and rear stairwells, an elevator, and restrooms on both floors. Twelve on-site parking spaces are a significant advantage in the downtown area, with potential for expansion to approximately 40 spaces. Currently configured as professional office space, the main level offers ample office space, executive offices, and a boardroom. The upper level is adaptable for high-end lofts. The building's location in the heart of Bristol, VA, benefits from the growth spurred by the Hard Rock Hotel & Casino, Bristol Motor Speedway, Thunder Valley Dragway, and the Rhythm & Roots Reunion. The property is zoned B-2 and offered fee simple. This is a prime opportunity to capitalize on Bristol's burgeoning economy and create a thriving business venture or residential development. The asking price is $1,995,000, with a price per square foot of $104.54. The building is currently vacant and available for immediate occupancy.
Highlights
Large building suitable for multiple tenants.
Main level features office space, executive suites, and a boardroom.
Upper level offers potential for high-end loft conversions with elevator access.
Vacant building allows for flexible repurposing.
Strong growth potential due to nearby Hard Rock Hotel & Casino, Bristol Motor Speedway, and other attractions.
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Contacts
Rick Armstrong, III
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513 State St, Bristol, Virginia, 24201
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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513 State St
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