149 Gate City Highway, Bristol

$6,000,000

0 Bed
0 Bath
13,818 Sqft
2.68 Acres
0 Garage

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.

Essential Information
MLS® #9942783
Price$6,000,000
Square Footage13,818
Acres2.68
Year Built1969
TypeCommercial
StatusActive
Community Information
Address149 Gate City Highway
Area101 - Bristol VA (City)
SubdivisionNot In Subdivision
CityBristol
CountyWashington
StateVIRGINIA
Zip Code24201
Amenities
WaterfrontPublic
Interior
# of Stories2
Exterior
Lot Description2.156 acres and 0.531 acres
RoofRubber
Additional Information
Date ListedAugust 26th, 2022
Days on Market35
ZoningCommercial
HOA Fees0.00
Listing Details
Listing Courtesy ofHIGHLANDS REALTY BRISTOL
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Information herein deemed reliable but not guaranteed October 1st, 2022 at 7:45am