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Debby Gibson Real Estate Co.

contactus@debbygibson.com +1(423) 833-7492

$ 2,950,000

Est. payment -/mo

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Active

245 Gate City HWY Bristol, VA 24201

3,321 SqFt

UPDATED:

08/03/2024 05:57 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,321 sqft

Price per Sqft $888

MLS Listing ID 9967362

HOA Y/N No

Total Fin. Sqft 3321

Originating Board Tennessee/Virginia Regional MLS

Year Built 2001

Lot Size 0.420 Acres

Acres 0.42

Lot Dimensions 140X130

Property Description

Looking for a lucrative business opportunity in the heart of Bristol? Don't miss this one! First time ever listed on the market, this turnkey operation has proven to be a high-yield investment with significant potential for growth. Strategically positioned at a signalized intersection across from Hard Rock Casino, this blank canvas features over 3,300 sq ft of versatile commercial space, 0.43 acres of prime real estate, 25+ parking spaces, and over 140' of road frontage on Gate City Hwy, highlighted by an ADTC of 9,200+. The high visibility and exposure offer endless possibilities! Zoned B3, this flexible zoning code allows for a myriad of uses that could capitalize this one of one location. Promoting tons of notoriety, this local staple has been a thriving business in the community for over 40+ years with over 20+ years in their current building that was custom built in 2001! Immaculately maintained with streamlined operations, the current owner has perfected the process with low staffing, 24-hour operations, remote monitoring capabilities via high-grade surveillance, top-of-the-line equipment, and easy access controls, each with individual cutoffs for electricity and water. Additional essential products include coin exchangers, credit card swipers, and vending machines to enhance the customer experience. Maximizing efficiency with 12 high-grade solar panels, this property is equipped with 3-phase power, LED lighting, (2) newer HVAC units, 6'' drain line, and many other improvements implemented over the years. Additional revenue streams include the VA lottery, coin machines, and the potential to expand the commercial side of the business with services like dry cleaning, delivery, retail goods, and more. This is a rare opportunity to enjoy immediate cash flow while benefiting from long-term appreciation of the site. Whether you aim to continue the successful operations of ''The Washateria'', or whether you're looking to redevelop this highly sought after site; prop erties in the casino district rarely come available and this one will not last long priced to sell at $2.95M. Call today to schedule your showing! All information contained herein is deemed reliable but gathered from tax records and homeowner and is subject to buyers verification.

Location

State VA

County Bristol City

Area 0.42

Zoning B3

Direction From downtown Bristol, Head north on Commonwealth Ave toward Volunteer Pkwy. Use the left 2 lanes to turn left onto Euclid Ave. Slight right onto US-421 N.

Interior

Heating Heat Pump

Cooling Heat Pump

Equipment Additional Building(s), Dumpster, Handicap Access, Roof Sign, Security System, Other, See Remarks

Heat Source Heat Pump

Exterior

Roof Type Rubber,Solar Panels

Road Frontage Highway

Building

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Others

Senior Community No

Tax ID 33 2 1 4a

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Garrett Addington • The Addington Agency Bristol

Debby Gibson Real Estate Co.

+1(423) 833-7492

Debby Gibson Real Estate Co.

245 Gate City HWY Bristol, VA 24201

Key Details

Location

Interior

Exterior

Building

Others

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245 Gate City HWY