Tuesday, July 8, 2014

529 State St, Bristol, VA 24201

529 State St, Bristol, VA 24201
3 beds, 2 baths
4,200 sqft

There is just something different about loft living~ walking to the local café, strolling over to the park, listening to music from the streets in your comfy chair by your window, browsing unique boutiques right around the corner... the list can go on and on!
We are looking to sell our wonderful building, which hosts a 2400 sq ft residential loft apartment and a 1800 sq ft retail space. Here are details about each space:

Loft Area:
There is custom iron railing from the beginning of this space starting with the back deck and displayed throughout.
You are welcomed into the loft by a view of the beautiful original brick and hardwood floors.
The exposed duct work and wood joist add to the unique industrial yet homey feel of the loft.
The master suite is located at the back which includes a custom walk-through closet with granite counter tops.
The master suite bathroom eludes to a spa-like setting, to include a 100 square foot steam shower with bench and 3 different shower heads.
Continuing down the hallway, you will pass a laundry closet and full guest bathroom.
Next, you step into a chef kitchen equipped with a gas stove and stainless steel appliances, wine rack around the refrigerator and granite counter tops. The space is an open concept with the dining and living areas all open with 24 foot ceilings.
This space includes a gas fireplace and beautiful wood mantel which matches the exposed wood beams.
The living space overlooks the 500 black of Historic Downtown Bristol, across from The Paramount.
Continue up the custom spiral staircase into the second bedroom/office.
Keep in mind that the "third floor" overlooks the second floor space.
Walk across the 18 foot long catwalk into the third bedroom.
The skylight dome gives the entire center space natural light.
The residential loft includes approximately 600 feet of storage space, not included in the 2,400 square feet of living space.

Retail Area:
One of the buildings most appealing features is its unique curvature window display, one of the only of its kind left in the United States.
The retail space includes 1,800 of original hardwood floors, a functional 100 square foot vaulted safe and recessed ceiling design.
This space has hosted many successful businesses, currently a local arts gallery and studio space.
Included in the retail space is a bathroom and storage closet.
Both spaces are setup as a triple net lease and bring in a significant amount of money.
The retail space brings in over $12,000 per year.
The residential space brings in over $21,000 per year.

Both have the potential to increase in the near future with the development of Historic Downtown Bristol.
This is a unique opportunity for the right person! Historic Downtown Bristol has been on the rise for several years now and it really about to EXPLODE with major developments. The Birthplace of Country Music Museum is to open within a few weeks which will draw tens of thousands of people, Bristol Rhythm & Roots Reunion Music Festival is one of the fastest growing festivals in the country, local colleges and both cities are investing in State Street- why not you! 

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