Check Availability
Bristol 24201
407 Commonwealth Avenue
$215,000
↓ $24K (10%)
Commercial - For Sale

407 Commonwealth Avenue

Bristol, VA 24201
bedrooms
Studio
bathrooms
0 Bath
square feet
4000 Sqft
$1,130
Estimated Monthly
$0
HOA / Fees
3.19%
Cap Rate

About This Property

Large Square Footage building right on Commonwealth avenue with great visibility. Over 60 feet of road frontage. This property would make a perfect home base for any contractor that wanted a work shop attached with storage throughout and possibly a showroom up front that could be made for customers to browse product. It could easily be used for retail spaces in the front for lease and a work shop in the back to lease out. Great Investment opportunity with 3 good size sections to lease out.  This property lends a lot of storage space and plenty of options.  The metal roof was installed within the last 10 years to the owner knowledge.  The back workshop has had some upgrades (electrical) in the past few years.  Concrete flooring throughout with block walls and wood partition walls.  There is a lot of potential to open the interior walls further and make a large open section in the main area in the front of the building.  There is public parking in the front of the building for customers and private parking in the back with the workshop.  There is an industrial sized gas wall heater currently affixed to one of the sections.  Owner does not know if it is operational.  It has not been used since the owner purchased. The property was being used for storage.

The manager has listed the unit size as 4000 square feet.
Unit Size
4,000Ft²
Days on Market
410 days
Land Size
0.30 acres
Price per sqft
$54
Property Type
Commercial
Property Taxes
$74
HOA Dues
-
Year Built
-
Listed By
ANDREW NEESE
PRESTIGE HOMES OF THE TRICITIES INC
Last updated: 2 months ago (TVARMLS #9949672)

Price History

Date / Event Date Event Price
Feb 21, 2024 Price Decreased $215,000
↓ $24K (10%)
Price Decreased
Dec 28, 2023 Relisted $239,000
Relisted
Dec 27, 2023 No longer available -
No longer available
Dec 5, 2023 Relisted $239,000
Relisted
Jul 18, 2023 No longer available -
No longer available
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Property Highlights

Air Conditioning
Exterior Details

Exterior Information

Block

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1.5 Baths
1,875 ft²
$107/ft²
$199,900 Aug 21, 2023
-
$109/mo
House
2 Beds
1 Bath
1,576 ft²
$159/ft²
$250,000 Oct 27, 2023
-
$94/mo
House
2 Beds
1 Bath
833 ft²
$240/ft²
$199,900 Nov 25, 2023
-
$586/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200928
09/28/2020
Loft
-
4000 ft²
$149,000
bedrooms
Loft
bathrooms
-
square feet
4000 ft²
-
-
-
-

Building Info

407 Commonwealth Avenue 407 Commonwealth Avenue, Bristol, VA 24201
  • 1 Unit for Sale
More about this Building
407 Commonwealth Avenue
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About Bristol


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