601 Commonwealth Avenue
601 Commonwealth Avenue, Bristol, VA 24201
$1,250,000
MLS# 9997811
Listing courtesy of LPT Realty - Griffin Home Group · Jim Griffin
1 / 33About this property
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
MLS #9997811 · Tennessee/Virginia Regional MLS
Property facts
- Status
- Active
- Property type
- Commercial Sale
- Bedrooms
- —
- Bathrooms
- 0
- Living area
- 5,018 sq ft
- Lot size
- 0.53 acres
- Year built
- 1,971
- County
- Bristol City
- Price / sq ft
- $249/sq ft
- Days on market
- 51
- MLS number
- 9997811
- Listing office
- LPT Realty - Griffin Home Group
Location
601 Commonwealth Avenue, Bristol, VA, 24201
Listing data courtesy of Tennessee/Virginia Regional MLS
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