16429 Wise Street , #2

    St. Paul, VA 24283
    • $3,495,000
    • STATUS: Active
    • ON SITE: 125 days
    • MLS #: 405109
    UPDATED: 55 min ago
    $3,495,000
    • 0
      BEDS
    • 6.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1988
    County:

    School Ratings & Info

    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. 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.

    Monthly Payment Calculator



    © 2018 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2018-08-17T22:00:29.23.
    www.conservusrealestategroup.com/homes/82574834

    16429 Wise Street , #2 St. Paul, VA 24283

    • Price: $3,495,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: 405109
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.61
    Acres
    1988
    Built
    Neighborhood:
    Russell County
    County:
    Russell
    Area:
    Russell County
    Property 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. 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.
    Exterior Features

    Development Status Finished Exterior Finish BlockMetal Lot Size Dimensions 6.61 Acre Road Access TownshipUs Highway Roof Rubber

    Interior Features

    Cooling CentralHeat Pump Equipment Delivery DoorsExterior LightsHandicap AccessPole Sign Heating Heat Pump Sq Ft Finished 51318 Sq Ft Unfinished 0

    Property Features

    Business Type Medical/DentalRestaurantShoppingStrip Center Easements Other See Remarks Electric Service 220 VoltSingle Phase Existing Finance Conventional Financing CashConventional Foreclosure YN No Info Available AerialPlatProfit/Loss StatementRental RolesTraffic Possession At Close Restrictions Utility Easements Sale Includes Fee Simple Tax Amount 0 Tax Town County 13416 Water And Sewer Sewer-PublicWater-Public Zoning C-1

    Listing information © 2018 Tennessee/Virginia Regional MLS.
    Listing provided courtesy of Fred Mcclellan of Callebs Realty.


    © 2018 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2018-08-17T22:00:29.23.
     
    Conservus Real Estate Group
    402 East Main Street
    Kingsport TN, 37660