New

$1,000,000

For Sale

2 days ago

523 State St, Bristol, VA

Name: 523 State St, For Sale in Bristol - eXp Realty
Brand: LPT Realty LLC
SKU: 111319
Price: 1000000 USD

House

MLS® 111319

0 Bed

0 Bath

9337 sqft

10 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 9337 sqft

Garage

Taxes

Days Active 2

Lot Size

Approx. Age 1891

Avg. Price Per Sqft $107

MLS® Number 111319

Property Address: 523 State St, Bristol, VA, 24201-7600

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

Description

INVESTMENT OPPORTUNITY IN THE HEART OF HISTORIC DOWNTOWN BRISTOL. Located at 523 State Street in Bristol, Virginia, this prominent two-level commercial property offers approximately 9, 337 square feet in one of the most desirable sections of State Street, positioned along the unique Virginia-Tennessee state line that runs directly through the center of the roadway. The property offers a compelling mixed-use investment opportunity with a diversified tenant base and projected gross annual income of approximately $120, 000. Three business tenants currently occupy the property, including a premium cigar business paying $2, 500 per month, a music and video production company paying $2, 000 per month, and a cannabis business paying $2, 000 per month. Additional income potential is being created on the second level, where two residential apartments are currently under construction. The planned residential units include a two-bedroom, one-bath apartment projected to rent for $2, 000 per month and a one-bedroom, one-bath apartment projected to rent for $1, 500 per month. Upon completion and occupancy of the residential units, the property is projected to generate approximately $10, 000 in combined gross monthly rental income, or $120, 000 annually. Adding significant value to this downtown property is a highly desirable approximately 0.20-acre private parking lot located directly behind the building. Offering approximately 16 parking spaces, this rare downtown asset provides convenience for tenants and occupants while also presenting the potential to create an additional revenue stream through separately leased private parking spaces. The combination of established commercial tenants, newly developed residential units, multiple income streams, private parking, and a premium location in historic Downtown Bristol creates a distinctive investment opportunity.

MLS® Number111319

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1891

Basement

DrivewayParking 10+ Spaces

Garage Spaces

HeatSee Remarks

A/CCentral Air

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 4, 2026List Date

$1,000,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker