601 Commonwealth Ave, Bristol, VA 24201
601 Commonwealth Ave, Bristol, VA 24201
601 Commonwealth Ave, Bristol, VA 24201
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Jamie Crews

Jamie Crews

+1(304) 887-7541
Listed by LPT Realty LLC
$1,250,000
Est. payment /mo
5,018 SqFt
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Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,018 sqft

Price per Sqft $249

Subdivision Bristol City - Va

MLS Listing ID 110870

Year Built 1971

Tax Year 2025

Property Sub-Type Commercial

Property Description

INVESTMENT OPPORTUNITY IN BRISTOL, VIRGINIA. Acquire an income-producing commercial property with established tenants, strong visibility, and future expansion potential at the prominent corner of Commonwealth Avenue and Euclid Avenue. Situated on approximately 0.54 acres, the property features a commercial building offering approximately 2,536 square feet of usable space and is currently occupied by two active tenants paying $1,500 and $2,500 per month, generating combined gross rental income of $4,000 per month, or $48,000 annually. The property benefits from excellent exposure at a highly traveled intersection, with VDOT traffic estimates indicating approximately 11,500 vehicles pass this corner each day. Its strategic location places the property approximately 1.9 miles from the Hard Rock Hotel & Casino Bristol, 1.5 miles from Interstate 81, and just 1.1 miles from historic Downtown Bristol. Additional growth potential may be available through the acquisition of approximately 0.35 acres of adjoining property located along Euclid Avenue, which is available for separate negotiation. If acquired, the combined site could offer approximately 0.89 acres and create additional possibilities for expansion, parking, redevelopment, or future commercial use, subject to applicable zoning and approvals. This offering presents investors with a compelling combination of immediate rental income, established occupancy, high daily traffic exposure, regional accessibility, and long-term strategic potential in the growing Bristol market. Continue operating as an income-producing investment or explore future opportunities to reposition and expand the site.IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

Location

State VA

County City Of Bristol - Out Of County

Area Bristol City - Va

Zoning Commercial

Interior

Interior Features Public Restrooms

Heating Central, Heat Pump, Natural Gas

Cooling Central Air, Heat Pump

Flooring Other

Exterior

Exterior Feature Lighting

Parking Features Parking 10+ Spaces

Garage Spaces 10.0

Utilities Available Electricity Connected

View Y/N No

Water Access Desc Public

Roof Type Composition,Metal

Total Parking Spaces 10

Garage No

Building

Lot Description City Lot

Sewer Public Sewer

Water Public

Others

Acceptable Financing 8185e23c779e47c2f9d8e8977f09b024

Listing Terms 8185e23c779e47c2f9d8e8977f09b024

Virtual Tour https://tour.usamls.net/601-Commonwealth-Ave-Bristol-VA-24201/unbranded

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