26455 Newbanks RdAbingdon, VA 24210

This exceptional 62,250-square-foot warehouse, situated on a 4.02-acre lot at 26455 Newbanks Road in Abingdon, Virginia (zip code 24210), presents a compelling investment opportunity. Priced at $2,900,000 ($46.59/SF), this property boasts a pro-forma cap rate of 9.12% and a pro-forma NOI of $264,563. Built in 1992, the warehouse features a 22-foot ceiling height, two loading docks, and one dock-high door. The property is currently vacant but benefits from a recent lease to a medical device manufacturer, indicating its suitability for various industrial uses. Ample office space is already built out. The location is highly strategic, offering convenient access to Interstate 81 (Exit 22), approximately twenty miles north of the Tennessee/Virginia state line and fifty miles west of I-77. This prime location provides overnight truck delivery access to 50% of the nation's population. The property sits at the entrance to the KVAT Distribution Center (Food City & BiLo Grocery Stores) and across the road from the Regional Army National Guard Headquarters, surrounded by other manufacturers. It's also within three miles of Abingdon, Virginia, and centrally located to all western Virginia counties, yet less than three hours from Charlotte and two hours from Knoxville. The fire sprinkler system has recently been serviced. This is an ideal owner-user opportunity or a strong candidate for lease income generation. APN: 086-3-3B. NNN lease type.