$3,495,000

16429 WISE STREET ST. PAUL, VA 24283

51318 SqFt Finished, 0 SqFt Unfinished

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. FOR MANY YEARS, ST. PAUL HAS SERVED THE FOUR COUNTY SURROUNDING AREA AS A CROSSROADS AND MARKET PLACE. RECENTLY, THE TOWN HAS BECOME A DESTINATION POINT FOR HIKING, BIKING, AND ATV TRAILS. OUTDOOR ENTHUSIASTS ARE ALSO ATTRACTED TO ENJOY THE NON-MOTORIZED SPORTS ON THE CLINCH RIVER - ONE OF NORTH AMERICA'S CLEANEST STREAMS. PLEASE CONTACT THE LISTING AGENT FOR MORE INFORMATION AND A SHOWING APPOINTMENT.

Property Listing Courtesy of CALLEBS REALTY Properties

Features

Type Commercial
Zoning C-1
Bedrooms N/A
Bathrooms N/A
SquareFt N/A
MLS Number 405109
Half Baths N/A
Style N/A
Year Built 1988
Living Area N/A
Bsmnt N/A
Garage N/A
Lot Size 6.61 Acre
Roof Rubber
ExtFin Conventional
Heat Heat Pump
Air Heat Pump
Water Sewer-Public,Water-Public
Appliances N/A

Quick Facts

  • Lot: 6.61
  • Commercial
  • Built in 1988
  • Views since listing: 2018
  • Price/sqft: N/A
  • MLS #: 405109

Community Info

City Taxes $ 13,416
County Taxes $ 13,416
Elementary School N/A
Middle School N/A
High School N/A

Contact Agent

Jessica Robertson

MOBILE: (423) 426-3869

OFFICE: (423) 343-7777

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