Property profile

64 Commonwealth Ave Bristol, VA 24201

OFF-MARKET
Warehouses
48,300 SF 2.06 ac lot
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Property summary

AI-generated overview

This exceptional 48,300-square-foot warehouse at 64 Commonwealth Ave, Bristol, VA, presents a compelling investment opportunity. Priced at $2,400,000 ($49.69/sq ft), this multi-tenant property sits on a generous 2.06-acre lot. The property's industrial classification and warehouse subtype cater to a wide range of potential uses, making it highly adaptable to evolving market demands. The Net Net Net (NNN) lease structure offers a streamlined approach to ownership, minimizing management responsibilities. Located in Bristol, Virginia, zip code 24201, this property benefits from a strategic location within the city, offering excellent access to transportation networks and a thriving local economy. The substantial size of the warehouse, coupled with its versatile nature, makes it an ideal asset for investors seeking strong returns and long-term growth potential. This is a rare opportunity to acquire a significant industrial property in a dynamic market, promising substantial financial gains and the chance to contribute to Bristol's continued economic expansion. The property's size and location make it suitable for a variety of businesses and industrial operations. Serious inquiries are encouraged to explore this exceptional investment opportunity further.

Property profile

Verified
Property type Warehouses
Total area 48,300 SF
Lot 2.06 ac (89,734 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Sports Field & Court Sports School

Location

64 Commonwealth Ave Bristol, VA 24201
Bristol metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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