Building Details

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Listing Agency: FORTUNE REALTY, INC. f***@gmail.com Show Phone

Listed By: Ramona Simmons, Broker · License #0225058750 Show Phone

Source: Exprealty

Added: Jul 15, 2024 Changed: Aug 23 Last Checked: Aug 24 at 12:48PM

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Investment Insights

Based on property information with market context.

This income-producing property features a 5,800+/- square foot multi-use building with a reception area, nine individual office spaces spread across two levels, two half baths, a large conference room, and an additional large room designed for cubicle office use or storage. The second level includes two apartments (1BR/2BR). The building is described as being in great condition, with central heat and air, along with public water and private septic.

The site includes a large paved parking area and 77 outdoor storage units totaling approximately 9,300+/- square feet, with renters in place. The outdoor storage units are reported as well maintained and include a security gate and extensive lighting.

The overall layout supports combined uses, with dedicated office and apartment space in the main building and separate outdoor storage for revenue generation.

Key Highlights

• 3.62‑acre property with public water, private septic, and a large paved parking area
• 5,800+/- SF multi‑use building with reception, 9 individual office spaces across 2 levels, and 2 half baths
• Includes a large conference room and a cubicle office/storage room

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Florist Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9

Office units

2

Residential units

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 24609, VA

6,620

Population

3,530

Households

1.9

Avg Household Size

46

Median Age

13%

College-Educated

86%

High-School Grad

83.8 sq mi

ZIP Area

79

Density / Sq Mi

$50,145

Median Household Income

$39,384

Median Earnings

$801

Median Rent

$154,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Multi-use building with offices, conference space, apartments, and 77 outdoor storage units on 3.62 acres.

Where is this office building located?

The property is located at 206 Matney Rd Cedar Bluff, VA.

What is the asking price?

The asking price for this property is $510,000.

What are key features of this property?

This property features: 3.62‑acre property with public water, private septic, and a large paved parking area; 5,800+/- SF multi‑use building with reception, 9 individual office spaces across 2 levels, and 2 half baths; Includes a large conference room and a cubicle office/storage room