Property profile

806 Wenonah Ave Pearisburg, VA 24134

OFF-MARKET
Turn key restaurants
Property ID
US87-2035329
2,520 SF 0.75 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,500 square foot vacant commercial property, located at 806 Wenonah Avenue in Pearisburg, Virginia, presents a remarkable investment opportunity. Situated on a 0.75-acre lot, this retail space is ideally suited for a restaurant or other small business venture. Its prime location on a main thoroughfare ensures high visibility and accessibility. The property is currently vacant, offering immediate occupancy for a new tenant. Pearisburg, the county seat of Giles County, boasts a thriving local economy supported by a diverse range of businesses, including national chains such as Walmart, Food Lion, Tractor Supply, and Walgreens. The presence of a hospital and high school further contributes to the area's robust population and consumer base. This property offers significant potential for growth and profitability. The asking price is $299,000, with the possibility of seller financing up to 50%, making this an attractive proposition for qualified buyers. The property's zoning and specific permitted uses should be verified independently. Don't miss this chance to establish your business in a vibrant and growing community. The zip code is 24134.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1978
Total area 2,520 SF
Lot 0.75 ac (32,670 SF)
Zoning code BB-2
APN 40A 6 4
UPID US87-2035329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

806 Wenonah Ave Pearisburg, VA 24134-1750
Pearisburg metro Census 930400 BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

Zoning & alternative use

BB-2 · Pearisburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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