601 Commonwealth Ave
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.
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
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FeaturesInteriorInterior Amenities Public Restrooms
Flooring Other
Basement (Y/N) N
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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GeneralSewer Public Sewer
Heating Central Heat Pump Natural Gas
Cooling Central Air Heat Pump
Utilities Electricity Connected
Possession Close Of Escrow
Roof Composition Metal
Zoning Commercial
Security Features Security System Prewired
Construction Materials Metal Siding Stucco
Year Built 1971
Property Subtype Commercial
Tax Year 2025
Current Use Other
Gross Income 48000
County City of Bristol - Out of County
Net Operating Income 45627.68
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Garage Y/N N
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
City Bristol
MLS Area Bristol City - VA
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 0
Home Warranty Y/N N
Additional Parcels Y/N N
Virtual Tour tour.usamls.net/601-Commonwealth-Ave-Bristol-VA-24201/unbranded
Structure Type Free Standing
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1-3
Freehold IDX BBO
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ExteriorExterior Amenities Lighting
Parking Features Parking 10+ Spaces
Lot Features City Lot
Water Source Public
Total Parking 10
Spa N
Building Area Total 5018
Waterfront Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Byjim@griffinhomegroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,893
- Monthly Property Taxes
- --
- 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.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/6/2026 | $1,250,000 | | Listed Price |