307 Bonham Rd Bristol, VA 24201
- Office Properties & Spaces
- 7,345 SF
Current Use by Public Records
- King Ordnance Industries, LLC / Gun Shop
Property Details for 307 Bonham Rd
- Property size
- 7,345 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a fully occupied, income-producing commercial property located at 307 Bonham Rd, Bristol, VA 24201. The Class C building boasts a total of 7,345 square feet and is currently generating a strong 8.60% cap rate. The asking price is $499,900, translating to $68.06 per square foot. The property features a modified lease structure with multiple tenants, ensuring consistent cash flow. The building's layout includes three commercial office units and a garage/storage unit on the ground level, providing versatile space for various businesses. The upper level comprises four residential units, adding to the property's overall income potential. Currently operating at 100% occupancy, this property offers immediate returns and a waiting list of potential tenants, suggesting strong future growth prospects. Detailed income and expense information is available upon request. This is a rare chance to acquire a well-established, high-performing asset in a desirable location. Don't miss this opportunity to add a significant cash-flowing property to your portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Scott
- State
- Virginia
- Longitude
- -82.1304
- Latitude
- 36.6238
