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245 Gate City Highway, Bristol, VA 24201 - $2,950,000

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sub Type: MLS Number: 9967362
Living Area: 3,321 Lot Acreage: 0 Year Built: 2001
Elementary School: Middle School: High School:
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.
Listing Status
Active
  • More Listing Info
    AC:Heat Pump3true
    Business Type:Other33true
    Business Type:Retail2true
    Business Type:See Remarks33true
    Business Type:Showroomtrue
    Contract Info:ForeclosureNo
    Development Status:Infrastructure Intrue
    Easements:See Remarks18true
    Electric Service:Phase 3true
    Exterior Finish:Block5true
    General Property Description:# Restrooms2
    General Property Description:Acres0.42
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size2140X130
    General Property Description:Stories31.0
    General Property Description:Total SqFt Finished3321.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2B3
    Heating:Heat Pump2true
    Info Available:Aerialtrue
    Info Available:Books Availabletrue
    Info Available:Building Plantrue
    Info Available:Floor Plantrue
    Info Available:ProfitLoss Statementtrue
    Info Available:See Remarks28true
    Location Tax Legal Info:City Taxes2378.88
    Location Tax Legal Info:County Taxes0.0
    Other Equipment:Additional Building(s)true
    Other Equipment:Dumpstertrue
    Other Equipment:Handicap Access2true
    Other Equipment:Other39true
    Other Equipment:Roof Signtrue
    Other Equipment:Security System3true
    Other Equipment:See Remarks38true
    Property Condition:Above Averagetrue
    Remarks Misc:Directions3From 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.
    Remarks Misc:Public Remarks2Looking 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
    Restrictions:See Remarks34true
    Road Access:Highwaytrue
    Roof:Rubbertrue
    Roof:Solar Panelstrue
    Sale Includes:Fee Simpletrue
    Sewer:Public Sewertrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
Listing Courtesy:
The Addington Agency Bristol
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