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Leann Mahaffey

leannmahaffey@gmail.com +1(423) 341-2200

$ 349,900

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531 State ST Bristol, VA 24201

3,981 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,981 sqft

Price per Sqft $87

MLS Listing ID 9983610

HOA Y/N No

Total Fin. Sqft 3981

Year Built 1891

Lot Dimensions 22X91

Source Tennessee/Virginia Regional MLS

Property Description

Looking for a property on State St in downtown Bristol?! Don't miss this one! Located in the heart of Bristol's vibrant downtown district, this iconic two-story brick building offers a rare opportunity to own a historic income-producing property on State Street. Constructed circa 1890 and known for nearly a century as Ryland Jewelry, the building blends timeless character with investment potential in one of the most walkable areas of downtown. Offering the potential for two units, the main level features a commercial storefront anchored by a long-standing tenant- providing immediate passive income. The upper level is a blank canvas, stripped to exposed brick walls and ready for a custom build-out. Whether you're envisioning a residential loft, office space, expanded commercial use, or downtown storage, the possibilities are wide open. Showcasing original architectural details including soaring 15' ceilings, a pressed metal ceiling on the first floor, exposed brick, and wood floors and original staircase upstairs, this building is full of historic charm. The storefront was updated around 1980, and the upper façade retains mid-century paneling that could be removed to restore its original windows and elevation. Zoned for commercial use and eligible for Historic Tax Credits and potential grant funding, this property is ideal for investors, business owners, or creatives looking to establish a unique footprint in the heart of downtown. Short-term rentals are also permitted, making it a prime candidate for revenue generation during major events such as Rhythm & Roots, Bristol Motor Speedway races, and happenings at the new Hard Rock Casino. Whether you're an investor looking for a passive income, a business owner looking for an enviable location, or a traveler looking for a place to call home while visiting the area- you will not want to miss this one! Offered at $350k, this is a rare opportunity to acquire a piece of Bristol's history with excellent visibility, high foo t traffic, and endless amounts of potential. No on-site parking included, but nearby spaces may be rented. Flood insurance is required. Showings require 24-hour notice or must occur before/after tenant's business hours. Owner/Agent. All information contained herein is deemed reliable but gathered from third party sources and is subject to buyers, or buyer's agents verification.

Location

State VA

County Bristol City

Zoning Commercial

Direction Downtown Bristol. GPS Friendly. From Volunteer Pkwy, Turn right onto Melrose St. Turn left onto Southside Ave/6th St. Turn right onto State St.

Interior

Heating Heat Pump

Cooling Heat Pump

Equipment Display Window

Heat Source Heat Pump

Exterior

Utilities Available See Remarks

Roof Type Metal

Road Frontage City Street

Building

Sewer Public Sewer

Water Public

Structure Type Brick,Other,See Remarks

New Construction No

Others

Senior Community No

Tax ID 37 5 27

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://unbranded.youriguide.com/531_state_st_bristol_va/

Listed by Garrett Addington • The Addington Agency Bristol

Leann Mahaffey

Broker | License ID: 333737

+1(423) 341-2200

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Leann Mahaffey

531 State ST Bristol, VA 24201

Key Details

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531 State ST