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149 Gate City Highway

Bristol, VA 24201
  • $6,000,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 9942783
UPDATED: 26 min ago
$6,000,000
  • 0
    BEDS
  • 2.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,818
    SQFT
  • $434
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
County:

School Ratings & Info

Description

Unique Investment opportunity, continue to operate, successful existing 36 room hotel with managers apartment, office and breakfast room, plus expand to additional unimproved portion of the land for a new hotel addition. There are 2 tax map parcels which have expansion potential. The City of Bristol has platted, unimproved roads ''Franklin St'' which leads directly to the stoplight on Gate City Hwy. There are roads on all 4 sides of the main 2.156 acre parcel. There is a recorded ROW to Gate City Hwy in front.The owner is in the process of remodeling the guest rooms, only 5 remain original. The buildings have been recently painted. There is a separate building with 2 bedrooms which can be used for an onsite house keeper or additional guest rooms. That building has basement storage. Since the Casino opened the occupancy has increased and so has the nightly rate. The property is being sold AS-IS with all furnishing included. More details are available upon request.

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© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-09-28T16:00:12.793.
www.conservusrealestategroup.com/homes/132548793
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149 Gate City Highway Bristol, VA 24201

  • Price: $6,000,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 26 min ago
  • MLS #: 9942783
0
Beds
0
Baths
0
½ Baths
2.68
Acres
13,818
SQFT
$434
$/SQFT
1969
Built
Neighborhood:
Bristol Va(City)
County:
Washington
Area:
Bristol Va(City)
Property Description
Unique Investment opportunity, continue to operate, successful existing 36 room hotel with managers apartment, office and breakfast room, plus expand to additional unimproved portion of the land for a new hotel addition. There are 2 tax map parcels which have expansion potential. The City of Bristol has platted, unimproved roads ''Franklin St'' which leads directly to the stoplight on Gate City Hwy. There are roads on all 4 sides of the main 2.156 acre parcel. There is a recorded ROW to Gate City Hwy in front.The owner is in the process of remodeling the guest rooms, only 5 remain original. The buildings have been recently painted. There is a separate building with 2 bedrooms which can be used for an onsite house keeper or additional guest rooms. That building has basement storage. Since the Casino opened the occupancy has increased and so has the nightly rate. The property is being sold AS-IS with all furnishing included. More details are available upon request.
Exterior Features

Exterior Finish Block Lot Size 2.156 Acres And 0.531 Acres Road Access City StreetHighway Roof Rubber

Interior Features

Ac Window Unit(S) Heating Heat Pump Total Sqft Finished 13818.00 Total Sqft Unfinished 0.00

Property Features

Annual Lease Amount 0.00 Auction No Business Type Hotel/Motel City Taxes 5910.00 County Taxes 0.00 Development Status See Remarks Easements Rec. Right Of Way Electric Service 440 Volts Existing Finance None Financing CashConventional Foreclosure No Info Available Other Lot Number 56 Other Equipment Additional Building(S)BasementCable TvDisplay WindowDumpsterExterior LightsFire AlarmFurnitureHandicap AccessPole SignRefrigeratorRoof Sign Property Condition Above Average Restrictions Utility Easement Sale Includes Fee Simple Sewer Public Sewer Short Sale No Water Public Zoning Commercial

Listing information © 2022 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Franklin Brown of Highlands Realty Bristol: (276) 644-4333.



© 2022 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2022-09-28T16:00:12.793.
 
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Conservus Real Estate Group
402 East Main Street
Kingsport TN, 37660