3101 Hwy 421, Bristol, TN 37620-8182
This exceptional 2,600 square foot commercial property, situated on a 1.23-acre lot at 3101 Highway 421 in Bristol, Tennessee, presents a compelling investment opportunity. Conveniently located just three miles from Bristol's city limits, this B3-zoned property enjoys proximity to the Hard Rock Casino and South Holston Lake, offering significant potential for a variety of commercial ventures. The building has undergone a substantial renovation, boasting a brand-new roof and gutters, ensuring long-term structural integrity. Further enhancements include the installation of two new vacuum systems, a completely updated septic system, and new water lines, significantly improving the property's functionality and efficiency. These recent upgrades minimize immediate maintenance needs, allowing for a seamless transition for the new owner. The ample 1.23-acre lot provides considerable space for expansion or outdoor activities, adding to the property's overall value and versatility. The B3 zoning opens doors to a wide range of commercial uses, making this property an attractive prospect for entrepreneurs and investors alike. All information provided is based on tax records and owner statements and should be independently verified by the buyer. The asking price for this meticulously updated commercial property is $489,850.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Bristol, TNBristol. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.