Storage Facility Expansion
600 SW Kentucky Avenue Norton, VA 24273
For Sale
$320,000
COMMERCIAL - Norton, VA
Property Size3,756 SF
Lot Size0.83 Acres
Price / SF$85.20
Days on Market97
Property Features for 600 SW Kentucky Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M-1
- Standard status
- Active
- APN
- 232n0877
- Size
- 3,756 SF
- Lot size
- 0.83 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1980
- Building materials
- Metal Siding
- Roof type
- Metal
Listing Agency:
ReMax Cavaliers Wise
(276) 321-7010
Listed By:
Mary Jo Stallard · License #225247134
(276) 337-1865
Added: Apr 20
Changed: May 28
Last Checked: Jul 25 at 5:06AM
MLS# 9994152
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Investment Insights
Based on property information with market context.
This property features a 35-unit storage facility with expansion, development, and passive income potential. The facility, with units of varying sizes, offers immediate and consistent cash flow. Currently, 34 units are rented, while one is being cleaned. There is potential to expand by approximately 60 additional units. The property consists of well-maintained metal buildings and has public water, sewer, and power. The existing units maintain steady occupancy, and there is expansion potential to scale revenue. There is enough room to add a whole row of units in the back, as well as other areas. In addition to adding more units, the property offers potential additional income streams, such as a car wash (which it has previously served as), laundromat, vending machines, or other complementary services (subject to approvals). Further upside includes the ability to increase rents to market rates and/or introduce utilities to enhance value and attract additional tenant demand. The property is located in Norton, VA, in Wise County. The lot size is 0.83 acres, and the property size is 3756 square feet. The zoning is M-1.
Key Highlights
- High Income Potential: Add approximately 60 additional storage units or other business ventures to significantly increase revenue.
- Consistent Cash Flow: 34 of the 35 existing storage units are currently rented, providing immediate and consistent income.
- Passive Ownership: Designed for minimal upkeep with well‑maintained metal buildings and public utilities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
FAQs
What type of property is this?
Self storage facility - 35-unit storage facility with expansion and income potential.
Where is this self storage facility located?
The property is located at 600 SW Kentucky Avenue Norton, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: High Income Potential: Add approximately 60 additional storage units or other business ventures to significantly increase revenue.; Consistent Cash Flow: 34 of the 35 existing storage units are currently rented, providing immediate and consistent income.; Passive Ownership: Designed for minimal upkeep with well‑maintained metal buildings and public utilities.
