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    508 Park Ave Norton, VA 24273

    Sponsored
    For Sale
    $165,000

    7,248 SF, 0.5-Acre Lot, $165,000

    Property size:
    7,248 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 7,248-square-foot commercial property located at 508 NW Park Avenue in Norton, Virginia, presents a remarkable opportunity for a discerning buyer. Situated on a half-acre lot, this versatile space offers ample room for customization and development. The property boasts significant parking, including both on-street and off-street options, ensuring convenient access for customers and employees. The building has undergone recent improvements, including a new roof and updated electrical service, providing a solid foundation for immediate occupancy and minimizing upfront renovation costs. The expansive interior layout allows for flexible design to accommodate a wide range of commercial uses, making it ideal for businesses seeking a substantial footprint in a thriving location. The property's location in Norton, VA, offers excellent visibility and accessibility, providing a strategic advantage for any business seeking to establish or expand its presence in the area. This is a rare opportunity to acquire a large, well-located commercial property at an attractive price point. All information provided is believed to be accurate but should be independently verified by prospective buyers. The property is being sold as-is. Schedule a private showing to explore the potential of this exceptional commercial space.

    Property Features for 508 Park Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,248 SF
    Lot Size
    21,780 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Signs Electronics Store D Ziner Signs Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Wise
    State
    Virginia
    Longitude
    -82.62587
    Latitude
    36.93534

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    FAQs

    What type of property is this?
    Commercial real estate - 7,248 SF, 0.5-Acre Lot, $165,000
    Where is this commercial real estate located?
    The property is located at 508 Park Ave Norton, VA.
    What is the asking price?
    The asking price for this property is $165,000.
    (276) 328-0034
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    508 Park Ave Norton, VA 24273
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    Norton, VA 24273
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Park Ave Norton, VA 24273
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