$3,495,000

16429 Wise Street

2190 2248, 24283

Description

GREAT INCOME PROPERTY FOR SALE WITH HIGH DAILY TRAFFIC COUNTS. THE 2017 VDOT TRAFFIC COUNT FOR U.S. 58-A AT THE WISE/RUSSELL COUNTY LINE IS 11,000 FOR AUTOMOBILES AND 12,000 PER DAY FOR ALL VEHICLES. THE RIVERSIDE SHOPPING CENTER IN ST. PAUL, VA, ADJACENT TO U.S. HWY. 58-A, IS BEING OFFERED FOR SALE. THIS CENTER IS FULLY OCCUPIED AND HAS AN 8% CAP RATE, LESS AN ATTACHED OUT-PARCEL NEXT TO THE HUDDLE HOUSE LOCATION. TENANTS INCLUDE VARIETY WHOLESALERS (DBA ROSES), WALGREENS/RITE AIDE DRUGS, MOUNTAIN STATES HEALTH ALLIANCE (RIVERSIDE MEDICAL CLINIC), VIRGINIA ABC STORE, AND HUDDLE HOUSE. RENEWAL OPTIONS AND RENTAL INCREASES BUILT INTO AGREEMENTS. SOLID CASH FLOW AND INCOME PRODUCING OPPORTUNITIES. PLEASE CONTACT THE LISTING AGENT FOR MORE INFORMATION AND A SHOWING APPOINTMENT.

Details

MLS#64224
Sub-TypeResale
StatusActive
Days On Site487

Features

SQ Feet51,318
Story(s)1
ZoningC-1

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Area Information

State2248
County3334
City2190
Zip Code24283
Area3256
Listing VS Median (in 24283)
Price:
$3,495,000
low | high
Med:
$175,000
100% of Average
SqFt:
51,318
low | high
Med:
3,054
100% of Average
$ / SqFt:
$68
low | high
Med:
$57
65.862121301551% of Average
On Site:
487
low | high
Med:
59
100% of Average
Listing Updated: 09/20/2019
MLS Number: 64224
Listing Provided By:
Fred McClellan  of  Callebs Bristol