Property profile

2543 State St Bristol, TN 37620

OFF-MARKET
Office Spaces
Property ID
US80-1201053
4,389 SF 0.62 ac lot Built 1983
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,467 square foot commercial property, located at 2543 W State St, Bristol, TN 37620, presents a unique investment opportunity. Previously a bank, this vacant building offers versatile potential for a variety of businesses. Situated in Sullivan County, Tennessee, its prime location offers excellent visibility and high traffic counts, boasting proximity to the new Hard Rock Casino, ensuring a steady stream of potential customers. The property is classified as both retail and office space, providing flexibility for adaptive reuse or redevelopment. The asking price is $600,000. Given its strategic location and substantial square footage, this property is ideal for entrepreneurs seeking a high-impact commercial space. The building's current condition allows for either a comprehensive rehabilitation project, transforming it into a modern and functional space, or demolition to make way for new construction, tailored to specific business needs. This presents a rare chance to capitalize on a thriving location and create a significant return on investment. The property's convenient location near the Hard Rock Casino makes it an attractive prospect for businesses seeking high visibility and foot traffic. Serious inquiries are encouraged to explore the full potential of this promising commercial real estate opportunity.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1983
Total area 4,389 SF
Lot 0.62 ac (27,007 SF)
APN 082020B B 00120
UPID US80-1201053

Cap rate & NOI

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

Location

2543 State St Bristol, TN 37620-1815
Bristol metro Census 42704 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2025
Last sale
$440,000
6 recorded transactions
2025
$440,000
2019
Price N/A
2018
$306,250
2010
Price N/A
2004
Price N/A
1969
Price N/A

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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