601 Commonwealth Ave, Bristol, VA

House

For Sale

Listed price in listed location currency (USD).

$1,250,000

0010

MLS® 110870

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size 5018 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1971

Avg. Price Per Sqft $249

MLS® Number 110870

Property Address: 601 Commonwealth Ave, Bristol, VA, 24201-3319

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

Description

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 IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

MLS® Number110870

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1971

Basement

DrivewayParking 10+ Spaces

Garage Spaces

HeatCentral, Heat Pump, Natural Gas

A/CCentral Air, Heat Pump

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 6, 2026List Date

$1,250,000List Price

Commute

Commute

Starting Address

Destination Address

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