245 Gate City Hwy Bristol, VA 24201

This exceptional 3,321 sq ft laundromat in Bristol, VA, presents a lucrative investment opportunity. Located on Gate City Hwy, across from the Hard Rock Casino, this Class A property boasts a prime location with high visibility and over 25 parking spaces. Built in 2001, the single-story building sits on a 0.43-acre lot (18,208 sq ft) and benefits from B3 zoning, allowing for diverse uses. Currently operating at 100% occupancy, this turnkey operation features remote monitoring capabilities, high-grade equipment, and multiple revenue streams including coin machines and the VA lottery. Recent upgrades include 12 solar panels, newer HVAC units, and LED lighting. The property's strong cash flow, coupled with its strategic location and potential for expansion (dry cleaning, retail, etc.), makes it an ideal investment. The asking price is $2,950,000, representing a 5.50% cap rate. This is a rare opportunity to acquire a thriving business in a high-growth area. All information is deemed reliable but subject to buyer verification.