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245 Gate City Highway

Bristol VA 24201
MLS #10001180 · Listing Courtesy of The Addington Agency Bristol
$1,895,000
Active
3,321
Sq Ft
0.42
Acres
2001
Built
245 Gate City Highway, Bristol, VA 24201, photo 1 of 27
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Property Description
Looking for a lucrative business opportunity in the heart of Bristol? Don't miss this one! 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 $1,895,000. 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.
Property Facts
Property TypeCommercial Sale
MLS Number10001180
City Taxes$4,201.74
County Taxes$0
Features & Amenities
Interior
Additional Building(s)
Dumpster
Handicap Access
Heat Pump
Roof Sign
Security System
Exterior
Block Exterior
Highway
Infrastructure In
Rubber Roof
Solar Panels Roof
Other
Above Average Condition
Aerial
Books Available
Building Plan
Fee Simple
Floor Plan
Phase 3
Profit/Loss Statement
Public Sewer
Public Water
Retail
Directions
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.
  • Additional Information
    Business Type
    OtherYes
    See RemarksYes
    Contract Info
    ForeclosureNo
    Easements
    See RemarksYes
    General Property Description
    # Restrooms2
    Annual Lease0
    HOANo
    LeaseNo
    Lot Size140X130
    Stories1
    Total Finished SqFt3,321
    Unfinished SqFt0
    ZoningB3
    Info Available
    See RemarksYes
    Other Equipment
    OtherYes
    See RemarksYes
    Restrictions
    See RemarksYes
    Sale Includes
    See RemarksYes
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