601 Commonwealth Avenue
Bristol, VA, 24201 $ 1,250,000
Bedrooms-- Baths-- Sq 5,018 Monthly Estimate*
$ 7,893
for $1,250,000. This 5,018 square foot building was built in 1971 on a lot size of 0.53.
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
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Composition
Development Status Cleared
Zoning Commercial/Ind.
Construction Materials Metal Siding Stucco Vinyl Siding
Year Built 1971
Electric 220 Volts
Business Type Retail Shopping
County Bristol City
New Construction false
Property Type Commercial Sale
HOA false
Status Active
Directions Head southwest on I-81 S. Take exit 1A to merge onto US-421 S/US-58 E toward Bristol. Continue to follow US-421 S. Turn left onto Catherine St. Turn right onto Vance St. Turn left onto Euclid Ave. Turn left onto Commonwealth Ave. Destination will be on the right.
City Bristol
MLS Area 101 - Bristol VA (City)
Lot Size Units Acres
Lot Size Square Feet 23086.8
Property Condition Average
MLS Area Minor 101 - Bristol VA (City)
Standard Status Active
Conventional true
FHA true
Vinyl Siding true
Cash true
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorWater Source Public
Lot Size Area 0.53
Building Area Total 5018
Lot Dimensions See aerials
Lot Size Acres 0.53
Road Frontage Type City Street
Other Equipment Additional Building(s) Smoke Detector(s)
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* Excluded FeaturesList ByLpt Realty - Griffin Home GroupBroker
jim@griffinhomegroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,893
- Monthly Property Taxes
- $258
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Bristol, VA
Average List Price $633,836
Percent of Sale Price 49%
About Bristol, VA 17,973 Population
3% Since 2002
$ 32,366 Median Income
42.46 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/6/2026 | $1,250,000 | | Listed Price |