$400,000
220 & 244 Gate City Highway
Bristol, VA 24201
MLS# 9945127
Status: Closed
2906 sqft


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Property Description
INVESTORS!! Opportunity to own 1/2 acre that is the next traffic light up from the entrance to the new BRISTOL CASINO (Future HARDROCK CASINO)! This could be your last chance to buy property in this area where you can see the entrance from YOUR property. This property has been family owned for over 40 years. The property has an updated address by the state of Virginia and is 2 parcels. The former addresses were 118 and 120 Gate City Highway. The property is a corner lot, with 2 entrances, over 319 feet of total Road Frontage, 233 of which is on the SAME STREET AS the CASINO! Both parcels are asphalted. There are 2 existing buildings that have operated a garage and car lot among other businesses in the past. You may choose to rehab them, or remove and build a new structure (s). Both buildings have single phase, 200 amp service with 220 present from previous use. On parcel 33 1 3A the brick facility has 2 roll up garage doors, a concrete floor, on interior restroom and one exterior restroom, and a front office with full length glass windows. There is a large drive under canopy. On parcel 33 1 2A there is a steel post building with a roll up garage door, concrete floor, a single restroom, and storage. The property extends beyond the rear retaining wall. There is wonderful access to the rear of the building 33 1 3A making a drive through an option for any business,-- restaurant, convenience/retail. One might consider operating a business at in one parcel and leasing the other to cover their investment cost/payment. The property is being sold AS IS WHERE IS. Maybe you just want to secure your spot for future development. Do Not Wait! All the information contained within this listing is deemed to be reliable, but not guaranteed. Buyer/Buyers agent must verify all information. Information provided has been taken from tax records.

Details
Maps
Location, Tax & Legal Info
Parcel ID: 33 1 3a; 33 1 2a
Deed Book #: 553
Deed Page #: 195
City Taxes: 2301.39
County Taxes: 0
Contract Info
List Price/SqFt: 204.75
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 595000
Current Price: $400,000
Listing Date: 2022-10-25
General Property Description
Road Frontage Length: 319
Acres: 0.51
Lease: No
Lot Size: 233 x 84 x 462 x 86
Zoning: B
HOA Y/N: No
Total SqFt Finished: 2906
Total SqFt Unfinished: 0
# Restrooms: 3
Annual Lease $: 0
Year Built: 1954
Total SqFt: 2906
Remarks & Misc
Directions: I81 to exit 1A. After pass main entrance to Bristol Casino, property is on the right less than 0.4 miles. From State Street Bristol cross Euclid Avenue. Property is situated across from Red Pepper Indian Cuisine on the corner of Gate City Highway and Midway Street, Bristol Virginia.
Property Condition
Fixer: 1
Business Type
Vacant: 1
Exterior Finish
Block: 1
Brick: 1
Other Equipment
Additional Building(s): 1
Delivery Doors: 1
Display Window: 1
Garage Bay(s): 1
Roof
Composition: 1
Tar/Gravel: 1
Road Access
City Street: 1
Electric Service
220 Volts: 1
Single Phase: 1
See Remarks: 1
Development Status
Other: 1
Heating
Electric: 1
See Remarks: 1
Info Available
See Remarks: 1
AC
Heat Pump: 1
Window Unit(s): 1
See Remarks: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Existing Finance
None: 1
Sale Includes
See Remarks: 1
Location Tax Legal Info
Street #: 220 & 244
Street Name: Gate City
St Suffix: Highway
County: Washington
State/Province: VA
Zip Code: 24201
Area: 101 - Bristol VA (City)
Subdivision: Not In Subdivision
Status Change Info
Date Pending: 2023-11-02
Sold Date: 2024-01-02
Sold Price: $400,000
Property Features
Property Condition: Fixer
Business Type: Vacant
Exterior Finish: Block; Brick
Other Equipment: Additional Building(s); Delivery Doors; Display Window; Garage Bay(s)
Roof: Composition; Tar/Gravel
Electric Service: 220 Volts; Single Phase; See Remarks
Development Status: Other
Heating: See Remarks
AC: Heat Pump; Window Unit(s); See Remarks
Water: Public
Sewer: Public Sewer
Road Access: City Street
Info Available: See Remarks
Restrictions: See Remarks
Financing: Cash; Conventional
Existing Finance: None
Sale Includes: See Remarks

Listing Office: Hurd Realty, LLC

Last Updated: January - 03 - 2024

Information deemed reliable but not guaranteed.


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