149 Gate City Highway, Bristol, VIRGINIA

$6,000,000

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13,818

Square feet

2.68

Acres

About 149 Gate City Highway

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.Tax Map Pcl# 33-3-3-6 is 2.156 acres. Tax Map 23-9-2-6 is 0.531 acres according to CRS. Legal: Lot 6 Wagner Rep Lts 6-18 and Wagner Lot 5 Blk 2 Replat of Lots 4 & 5 ).426 acre Gate City Hwy 23-9-2-5.

Features of 149 Gate City Highway

MLS® # 9942783
Price $6,000,000
Square Footage 13,818
Square Footage 0.00
Acres 2.68
Year Built 1969
Type Commercial
Status Active

Community Information

Address 149 Gate City Highway
Area 101 - Bristol VA (City)
Subdivision Not In Subdivision
City Bristol
County Washington
State VIRGINIA
Zip Code 24201

Amenities

Waterfront Public

Interior

# of Stories 2

Exterior

Lot Description 2.156 acres and 0.531 acres
Roof Rubber

Additional Information

Date Listed August 26th, 2022
Days on Market 212
Zoning Commercial
Foreclosure No
HOA Fees 0.00

Listing Details

OfficeHIGHLANDS REALTY BRISTOL

Listing Map

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