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245 Gate City Highway

Bristol, VA 24201
  • $2,950,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 9967362
UPDATED: 53 min ago
$2,950,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,321
    SQFT
  • $888
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:

School Ratings & Info

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.

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© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-07-24T19:00:17.377.
www.house2homesearch.com/homes/151766617
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245 Gate City Highway Bristol, VA 24201

  • Price: $2,950,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 53 min ago
  • MLS #: 9967362
0
Beds
0
Baths
0
½ Baths
0.42
Acres
3,321
SQFT
$888
$/SQFT
2001
Built
Neighborhood:
Bristol Va(City)
County:
Bristol City
Area:
Bristol Va(City)
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.
Exterior Features

Construction Materials Block Roof RubberSolar Panels

Interior Features

Building Area Total 3321 Cooling Heat Pump General Property Description Total Sq Ft Finish 3321 General Property Description Total Sq Ft Unfini 0 Heating Heat Pump Heating YN Yes

Property Features

Association YN No Contract Info Auction No Contract Info Foreclosure No Contract Info Short Sale No Cooling YN Yes Documents Available [] Listing Terms CashConventional New Construction YN No Other Equipment Additional Building(s)DumpsterHandicap AccessRoof SignSecurity SystemOtherSee Remarks Property Condition Above Average Sewer Public Sewer Water Source Public Zoning B3

Listing information © 2024 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Garrett Addington of The Addington Agency Bristol: 423-845-5800.



© 2024 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2024-07-24T19:00:17.377.
 
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