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423-968-7653
Commercial ()

966 West Main St
Abingdon, VA 24210

Price: $1,749,000  List Date: 2021-08-19  DOM:  62
City Tax: $4,094 County Tax: $8,773
Year Built: 1989 

Total Finished Area: 15,072 ft²

Unfinished: 0 ft² (not in garage)  

Lot Size: 1.60 acre(s)Lot Dimensions: 225x315x225x307
Heating: Heat Pump, Natural GasCooling: Heat PumpWater & Sewage: Public

Description

Great Investment Business complex in the middle of Abingdon. There are currently 12 business office that vary in all sizes plus a seperate bank building that after purchase could be seperated off by boundary adjustment and sold, or kept to increase cash flow of the entire project. Current net income on this property at the time of listing (with 2 empty spaces) is $92,940. Adjusted gross income with expenses is $50,483 with the potential of increasing with 2 empty spaces to be rented. Currently the owners are trying to rent out the additional space. The Traffic count alone in front of this property in years past has been 50,000 plus daily. Lending plenty a variety of business opportunities to be supported when this property has empty units to be rented back out. The Bank building on site has had several different types of businesses approach the owner to rent the space so it is not just relegated to a bank coming back in to rent. The Market rental amount on the Bank building is anywhere from $3,000 a month to $4,000 a month. Currently, the owners are talking to a potential customer to rent the space. Attached to the listing is a copy of the current rent roles and copies of the building layouts. Further information can be given to serious buyers if needed. Call listing agent with further questions. The larger office suites have an electric combination gas furnace hvac system. AC in the building on the left of the property including the front office space is Electric AC with gas furnace for winter. The suites in the back of the complex all have Electric Heat pumps. The Bank building is on electric AC only. This property has plenty of parking for all suites with additional available. Built and complete in 1988 and 1989, the property has had one owner and they have maintained the property in excellent condition. There is one extra space that is currently not rented and is being used as storage for the owner. This space could be leased out for $1200.

Community Information

Geographical
County: Washington
Subdivision:
Zoning: Commercial
School System
Elementary
Middle
High

Interior

Exterior

Roof: Architect Shingle, Shingle Exterior Finish: Brick, Vinyl Siding 

Photos

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Listing by Prestige Homes Of The Tricities Inc
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