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    603 Gate City Hwy Bristol, VA 24201

    Sponsored
    For Sale
    $5,000,000

    Prime 3.35-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.35-acre commercial land parcel presents a unique investment opportunity directly across from the entrance to the Hard Rock Casino and resort in Bristol, Virginia (zip code 24201). Located at 603 Gate City Hwy, this B-3 zoned property offers significant development potential in a rapidly growing area. The site currently features two existing buildings, providing potential for adaptive reuse or demolition to accommodate new construction. While there is a slight incline at the rear of the property, the overall terrain is relatively level and easily adaptable to various development plans. The high demand for restaurants, retail spaces, apartments, and hotels in this burgeoning area makes this a highly attractive proposition for investors seeking to capitalize on the increased tourism and economic activity generated by the Hard Rock Casino. The scarcity of developable land in this immediate vicinity underscores the urgency of this opportunity. This is a rare chance to secure a prominent location with exceptional visibility and access, poised for substantial returns. The property's location offers unparalleled exposure to the significant traffic generated by the casino, ensuring high visibility for any future development. Don't miss this chance to be part of Bristol's exciting growth story.

    Property Features for 603 Gate City Hwy

    General Information

    Property type
    Land
    Lot Size
    145,926 SF

    HighLights

    • $5,000,000 asking price.
    • 3.35‑acre commercial land parcel.
    • B‑3 zoning.
    • Located at 603 Gate City Hwy, Bristol, VA 24201, directly across from the Hard Rock Casino.
    • High development potential for restaurants, retail, apartments, and hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Department Of Corrections Probation ... Corporate Office Adult Probation & Parole Probation Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Washington
    State
    Virginia
    Longitude
    -82.21715433362
    Latitude
    36.600251789558

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    FAQs

    What type of property is this?
    Land - Prime 3.35-acre commercial lot.
    Where is this land located?
    The property is located at 603 Gate City Hwy Bristol, VA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: $5,000,000 asking price.; 3.35-acre commercial land parcel.; B-3 zoning.
    Request Owner's contact information
    603 Gate City Hwy Bristol, VA 24201
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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
    603 Gate City Hwy Bristol, VA 24201
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