Commercial ()

149 Gate City Hwy
Bristol, VA 24201

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Map & Directions

Stories: 2.0

Price: $6,000,000 List Date: 2022-08-26 DOM: 160
City Tax: $5,910 County Tax: $0

Year Built: 1969 About homes built before 1978

Finished Area: 13,818 ft²

Unfinished: 0 ft² (not in garage)

Total Area: 13,818 ft² (Finished & Unfinished)

Lot Size: 2.68 acre(s) Lot Dimensions: 2.156 acres and 0.531 acres

Heating: Heat Pump Cooling: Window Unit(s) Water & Sewage: Public

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.