245 Gate City Hwy, Bristol, VA

Name: 245 Gate City Hwy, For Sale in Bristol - eXp Realty
Brand: The Addington Agency Bristol
SKU: 9992351
Price: 2195000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$2,195,000

000

MLS® 9992351

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size 3321 sqft

Garage No

HOA Fees

Taxes

Days Active 0

Approx. Age 2001

Avg. Price Per Sqft $660

MLS® Number 9992351

Property Address: 245 Gate City Hwy, Bristol, VA, 24201-3244

Average square foot calculated using Size range provided by listing agent.

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 $2.195M. 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.

MLS® Number9992351

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2001

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 13, 2026List Date

$2,195,000List Price

Commute

Commute

Starting Address

Destination Address

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