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423-968-7653
Commercial ()

37222 Lee Highway Hwy
Glade Spring, VA 24340

Price: $197,000  List Date: 2021-08-25  DOM:  59
City Tax: $0 County Tax: $946
Year Built: 1970 About homes built before 1978

Total Finished Area: 4,500 ft²

Unfinished: 100 ft² (not in garage)  

Lot Size: 1.73 acre(s)Lot Dimensions: 200x608x650
Heating: Ceramic, Heat Pump, Space HeaterCooling: NoneWater & Sewage: Public

Description

Huge Potential for this parcel and building. Own a part of history in Washington County with the well known Snaps trading post. Investors, take this building to the next level and utilize the acreage at the top of the land for a variety of uses. Zoned A2, there are several uses for this property that a buyer could seek special uses for through the zoning board to accelerate the return on investment. Currently the owner is leasing out 4 of the 5 sections in the building and using 1 for their business. The highest and best use for the property is continued leasing in several different aspects. No leases are currently in place and would be considered month to month with the businesses in place. There is 1.73 acres total on the property. The building takes up a small portion of the left side of the parcel which lends a large amount of space to the right of the building. The current parking lot could be utilized for storage along with the upper acreage of the parcel lending plenty of options for generating revenue. Any savy investor could look at this property as a blank slate that could easily be improved upon that would generate income. Washington county zoning has been consulted for this property for the ability to add mini warehouse storage units under a special use exemption as one example of improvements that could be made. Any offer seeking that as part of their due diligence could work through the zoning board to get a certification of appropriateness for that use before closing as well as a possible RV and boat storage site with utilizing the building as individual family storage units. All of which would be subject to zoning special use permits established during due diligence. There are several other options that could be utilized for this property. With the proximity to Chilhowie and Glade Spring, it would be easy to find multiple uses for the property and generate income.

Community Information

Geographical
County: Washington
Subdivision:
Zoning: A2
School System
Elementary
Middle
High

Interior

Exterior

Roof: Metal Exterior Finish: Concrete, Wood Siding 

Photos

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Listing by Prestige Homes Of The Tricities Inc
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