$2,500,000
Bristol, VA 24201
MLS# 9967362
3321 sqft
1 / 60
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
Details
Maps
Location, Tax & Legal Info
Parcel ID: 33 2 1 4a
City Taxes: 2378.88
County Taxes: 0
Contract Info
List Price/SqFt: 752.79
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 2500000
Current Price: $2,500,000
Listing Date: 2024-06-18
General Property Description
Acres: 0.42
Lease: No
Lot Size: 140X130
Zoning: B3
HOA Y/N: No
Stories: 1
Total SqFt Finished: 3321
Total SqFt Unfinished: 0
# Restrooms: 2
Annual Lease $: 0
Year Built: 2001
Total SqFt: 3321
Remarks & Misc
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
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.
Property Condition
Above Average: 1
Business Type
Retail: 1
Showroom: 1
Other: 1
See Remarks: 1
Exterior Finish
Block: 1
Other Equipment
Additional Building(s): 1
Dumpster: 1
Handicap Access: 1
Roof Sign: 1
Security System: 1
Other: 1
See Remarks: 1
Roof
Rubber: 1
Solar Panels: 1
Road Access
Highway: 1
Electric Service
Phase 3: 1
Development Status
Infrastructure In: 1
Heating
Heat Pump: 1
Info Available
Aerial: 1
Books Available: 1
Building Plan: 1
Floor Plan: 1
Profit/Loss Statement: 1
See Remarks: 1
AC
Heat Pump: 1
Water
Public: 1
Sewer
Public Sewer: 1
Restrictions
See Remarks: 1
Easements
See Remarks: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Fee Simple: 1
Location Tax Legal Info
Street #: 245
Street Name: Gate City
St Suffix: Highway
County: Bristol City
State/Province: VA
Zip Code: 24201
Area: 101 - Bristol VA (City)
Property Features
Property Condition: Above Average
Business Type: Retail; Showroom; Other; See Remarks
Exterior Finish: Block
Other Equipment: Additional Building(s); Dumpster; Handicap Access; Roof Sign; Security System; Other; See Remarks
Roof: Rubber; Solar Panels
Electric Service: Phase 3
Development Status: Infrastructure In
Heating: Heat Pump
AC: Heat Pump
Water: Public
Sewer: Public Sewer
Road Access: Highway
Info Available: Aerial; Books Available; Building Plan; Floor Plan; Profit/Loss Statement; See Remarks
Restrictions: See Remarks
Easements: See Remarks
Financing: Cash; Conventional
Sale Includes: Fee Simple
Supplements
erties in the casino district rarely come available and this one will not last long priced to sell at $2.5M. 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 Office: The Addington Agency Bristol
Last Updated: August - 13 - 2025
Information deemed reliable but not guaranteed.