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Blue Ridge Properties Listing
245 Gate City Highway, Bristol, VA 24201 (MLS #9967362)
Basic Information:
Bedrooms: 0
Full Bathrooms: 0
Half Bathrooms: 0
Type: Commercial
Sub Type:
MLS Number: 9967362
Lot Acreage: 0.42000
Living Area: 3,321
Year Built:2001
Elementary School:
Middle School:
High School:
Public Remarks: 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 Courtesy:The Addington Agency Bristol
More Listing Info:
AC:Heat Pump3: true
Business Type:Other33: true
Business Type:Retail2: true
Business Type:See Remarks33: true
Business Type:Showroom: true
Contract Info:Foreclosure: No
Development Status:Infrastructure In: true
Easements:See Remarks18: true
Electric Service:Phase 3: true
Exterior Finish:Block5: true
General Property Description:# Restrooms: 2
General Property Description:Acres: 0.42
General Property Description:Annual Lease: 0.0
General Property Description:HOA YN: No
General Property Description:Lease: No
General Property Description:Lot Size2: 140X130
General Property Description:Stories3: 1.0
General Property Description:Total SqFt Finished: 3321.0
General Property Description:Total SqFt Unfinished: 0.0
General Property Description:Zoning2: B3
Heating:Heat Pump2: true
Info Available:Aerial: true
Info Available:Books Available: true
Info Available:Building Plan: true
Info Available:Floor Plan: true
Info Available:ProfitLoss Statement: true
Info Available:See Remarks28: true
Location Tax Legal Info:City Taxes: 2378.88
Location Tax Legal Info:County Taxes: 0.0
Other Equipment:Additional Building(s): true
Other Equipment:Dumpster: true
Other Equipment:Handicap Access2: true
Other Equipment:Other39: true
Other Equipment:Roof Sign: true
Other Equipment:Security System3: true
Other Equipment:See Remarks38: true
Property Condition:Above Average: true
Remarks Misc:Directions3: 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.
Remarks Misc:Public Remarks2: 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
Restrictions:See Remarks34: true
Road Access:Highway: true
Roof:Rubber: true
Roof:Solar Panels: true
Sale Includes:Fee Simple: true
Sewer:Public Sewer: true
Water:Public: true
