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601 Commonwealth Avenue
Bristol VA 24201 US

$1,250,000

Active Listing ID 9997811
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Lot: 0.53 Acres
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Other

$1,250,000

Active Listing ID 9997811
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601 Commonwealth Avenue 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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Property Features

  • Facts
  • Lot Size: 0.53 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Roof Type: Composition
  • Heating Fuels: Central

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1250000
  • unparsedaddress: 601 Commonwealth Avenue
  • postalcity: Bristol
  • stateorprovince: VA
  • country: US
  • postalcode: 24201
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.53
  • lotsizeunits: Acres
  • lotsizearea: 0.53
  • livingarea: 5018
  • livingareaunits: Square Feet
  • latitude: 36.603151
  • longitude: -82.191879
  • listagentfullname: Jim Griffin
  • listagentemail: jim@griffinhomegroup.com
  • listagentkey: 3yd-TVARMLS-2346
  • listagentmlsid: 2346
  • listagentpreferredphone: 4234820743
  • listagentofficephone: 4234820743
  • listofficekey: 3yd-TVARMLS-1168
  • listagentstatelicense: 310406
  • listofficemlsid: 1168
  • disclaimer: Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TVARMLS
  • yearbuilt: 1971
  • listingcontractdate: 2026-07-06
  • listagenturl: www.griffinhomegroup.com
  • countyorparish: Bristol City
  • parcelnumber: 26 429 1 2 3
  • cooling: Central Air
  • constructionmaterials: Metal Siding, Stucco, Vinyl Siding
  • heating: Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.19188, 36.60315
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"GRIFFIN HOME GROUP", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jim@griffinhomegroup.com", "ListBrokerageCity":"JOHNSON CITY", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jim@griffinhomegroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"GRIFFIN HOME GROUP", "ListBrokeragePhone":"(423) 482-0743", "ListBrokeragePostalCode":"37604", "ListBrokerageStateOrProvince":"TN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"236 East Main Street", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"4718 Lake Park Drive Suite 2", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1168", "ListOfficeCity":"Johnson City", "ListOfficeCountry":"US", "ListOfficeEmail":"office@griffinhomegroup.com", "ListOfficePostalCode":"37615", "ListOfficeStateOrProvince":"TN", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Bristol, VA", "ListingURL":null, "MLSModificationTimestamp":"2026-07-06 16:10:33", "Neighborhoods":[{"Description":null, "Name":"101 - Bristol VA (City)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/6/2026 4:23:07 PM GMT
Source Updated Date: 7/26/2026 12:50:39 AM GMT

Courtesy of: Jim Griffin, LPT Realty - Griffin Home Group, jim@griffinhomegroup.com

Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.