513 State StBristol, VA 24201

Property Details for 513 State St

Year built

1891

Lot size

0.24 AC

Property size (Sq ft)

19,289 SF

Property type

Other commercial real estate

APN

37 5 21

APU

37521

Description

This exceptional mixed-use property, the Dent K. Burke Building, presents a unique investment opportunity in vibrant downtown Bristol, Virginia. Built in 1891 and renovated in 2017, this Class A, two-story building boasts 19,084 square feet of vacant space on a 10,374 square foot lot. The building features robust construction, including steel bar joints, steel I-beams, and metal decking with concrete floors. Internal chases offer significant potential for loft conversions. The layout is ideal for multiple businesses, with separate front and rear stairwells, an elevator, and restrooms on both floors. Twelve on-site parking spaces are a significant advantage in the downtown area, with potential for expansion to approximately 40 spaces. Currently configured as professional office space, the main level offers ample office space, executive offices, and a boardroom. The upper level is adaptable for high-end lofts. The building's location in the heart of Bristol, VA, benefits from the growth spurred by the Hard Rock Hotel & Casino, Bristol Motor Speedway, Thunder Valley Dragway, and the Rhythm & Roots Reunion. The property is zoned B-2 and offered fee simple. This is a prime opportunity to capitalize on Bristol's burgeoning economy and create a thriving business venture or residential development. The asking price is $1,995,000, with a price per square foot of $104.54. The building is currently vacant and available for immediate occupancy.

Location Insight

City

Bristol

County

Bristol

State

Virginia

Latitude

36.5953

Longitude

-82.1825

CBSA code

28700

CBSA name

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

Property Tax & Assessments

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