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Dent K. Burke Building; Bring All Offers!

Dent K. Burke Building Historic Bristol, VA

Listing Contacts

Active

Asking Price: $1,750,000
Address 

513 State St, Bristol, VA 24201

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Date Added
Oct 5, 2023
Days on Market
531 days
Time Since Last Update
12 days

Details

Property TypeMixed Use, Multifamily, Office, Retail
SubtypeExecutive Office, Restaurant, Storefront
Investment TypeOwner/User
ClassA
TenancyVacant
Square Footage19,084
Net Rentable (sq ft)19,084
Price/Sq Ft$91.70
Cap Rate0.00%
OccupancyVacant
Occupancy Date10/04/2023
NOI$0
Year Built1891
Year Renovated2017
Buildings1
Stories2
ZoningB-2
Lot Size (sq ft)10,374
Broker Co-OpYes
OwnershipFee Simple
Sale ConditionFor sale by owner

Marketing Description

Great Business Opportunity in the “Jewel of the Mountain Empire” downtown Bristol, VA.​ The Dent K.​ Burke building was built in 1891 with a high standard for Commercial Construction, with steel bar joints, steel I beams, and metal decking with concrete floors on each level.​ The building even has chases between floors with nearly 5 feet of height for expansion or change of use in the building for Loft living in the second floor.​ The building is also set up so that it could accommodate 2 separate businesses as their are front and rear stairwells as well as an elevator.​ Restrooms throughout both floors supports the separate business opportunity.​ Having its own parking is always of great benefit, especially in the downtown area and this building has 12 of it own parking spaces.​ The current use for the building is that of Professional office space and has been utilized by an accounting firm for over twenty years, so offices prevail throughout, most are of an exceptional size and several executive offices could even be divided to create more offices.​ In the second floor, an open area provide room for at least 20 cubicles while maintaining offices along the walls, and a large training room at the front of the building provide natural light for a great meeting room.​ As the Bristol Downtown continues to evolve and grow this building can create a great new venue in which to start a business or build an new business endeavor as the offices which line the wall and create a center space in the main level are not supportive of the structure.​ Effectively, the lower level and second floor can be used as open space which would be perfect for a retail operation.​ With the 12 parking spaces at the rear of the property and the possibility of up to 40 more spaces, tenant parking could be available to support the development of high-end lofts in Historic downtown Bristol, Virginia.​ Call for a confidential showing or additional information.​

Investment Highlights

The Dent K. Burke building can easily support at least two business operations due to its size configuration and utility. The main level has great office space as well as executive offices and a beautiful Board room. The upper level has the opportunity to become several large high-end lofts with elevator access which is at the rear of building near the outside entrance to the parking lot. As no Tenants currently reside in the building, the opportunity for repurposing the space for many different businesses is a strong possibility.

As the area continues to grow with the expansion of the Hard Rock Hotel & Casino, Bristol Motor Speedway and Thunder Valley Dragway, our feature festival of Rhythm and Roots ReUnion, and being located right in the middle of the Appalachian Highlands, Bristol continues to be the answer to expanding business opportunities which goes hand in hand will all our outdoor activities, TVA Lakes, some the best Trout fishing in the Southeast, and vast hiking trails to and from many towns, and of course the Appalachian Trail. Come by and experience what Bristol has to offer and find out how you can be part of a “Good Place to Live”.

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

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Listing Contacts


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Broker Information
Broker Name
Rick Armstrong, III
Broker License
VA VA 0225069934
Brokerage Name
TCI Group, Lowry & Foster, Inc.
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