629 State StBristol, VA 24201

Property Details for 629 State St

Year built

1901

Lot size

0.24 AC

Property size (Sq ft)

18,911 SF

Property type

Other commercial real estate

APN

37 4 3 4

APU

37434

Description

This exceptional Class A retail property, located at 629 State St, Bristol, VA 24201, offers 18,109 square feet of space, ideally suited for a variety of uses. The building currently features a restaurant space of approximately 9,000 square feet, currently leased at $10,000 per month on a triple net (NNN) lease, and an additional approximately 9,000 square feet of office space with a negotiable lease rate. The asking price for the entire property is $1,800,000. Estimated annual property taxes are $6,800. The property is zoned B-2, providing flexibility for various commercial ventures. This prime location boasts high traffic counts, with 21,877 vehicles daily on US Route 11E, 15,000 on US-11, 12,591 on Anderson Street, and 9,900 on State Street. The surrounding area features a vibrant mix of businesses, including The Southern Churn, Burger Bar, 620 State Restaurant, Birthplace of Country Music Museum, Regions Bank, Domino's, and First Horizon. Strong demographics support this opportunity, with a 3-mile radius population of 34,708 and an average household income of $62,085. The 5 and 7-mile radius demographics show even greater potential with higher populations and average household incomes. This is a rare opportunity to acquire a well-located, established property with significant income potential.

• Alternative Use

  Use

  Valuation

  Residential

  $4,177,033

  Hospitality

  $3,826,140

  Educational

  $3,183,304

  Medical

  $3,292,782

  Retail

  $4,951,806

Location Insight

City

Bristol

County

Bristol

State

Virginia

Latitude

36.5954

Longitude

-82.1847

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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