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531 State Street, Bristol, VA 24201

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For Sale

$349,900

3,981 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • $87.89
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 facade 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.
MLS# 9983610

Courtesy Of The Addington Agency Bristol

(423) 845-5800

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Roof Type
    Metal

Map and Directions

Directions to 531 State Street, Bristol, VA 24201

Home seller CENTURY 21 Diamond Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Diamond Real Estate

(276) 628-8131
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Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.