For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

110 Merifield Rd Willis, VA 24380

For Sale
$179,000

Cash-flowing rental property, two units.

Description

Added:
Feb 3, 2025
Days on Market:
315
This Willis, VA commercial property presents a compelling investment opportunity. The property, located at 110 Merifield Road, comprises a remodeled and updated two-unit building totaling approximately 2,088 square feet on a 0.14-acre lot. Recent renovations, completed in 2022 for the interior and 2021 for the exterior, ensure the property is in excellent condition. A larger well pump was installed in 2023, enhancing the property's functionality. Each unit has its own heating and air conditioning system. The lower unit features one bedroom and one bathroom, along with an enclosed rear porch. The upper unit offers two bedrooms and one bathroom. Currently occupied by month-to-month tenants willing to remain, this property boasts a proven track record of consistent cash flow, generating approximately $24,600 annually. Its convenient location offers easy access to Floyd and Hillsville, Virginia, within a 30-minute drive. This is an ideal investment for those seeking a stable, cash-positive rental property with recent upgrades and a strong tenant base. The asking price is $179,000.

Property Features for 110 Merifield Rd

General Information

Property type
Other commercial real estate
Lot Size
6,098 SF

Building Details

Year Built
1975

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Auto Repair Shop Auto Parts Store Food Market Storage Facility Grocery Store Convenience Store Farmer's Market

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

Location Insight

  • Map
  • Local Demand
City
Willis
County
Floyd
State
Virginia
Longitude
-80.48516
Latitude
36.8567

FAQs

What type of property is this?
Commercial real estate - Cash-flowing rental property, two units.
Where is this commercial real estate located?
The property is located at 110 Merifield Rd Willis, VA.
What is the asking price?
The asking price for this property is $179,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message