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Property profile & analytics
OFF-MARKET
Commercial real estate

175 Tazewell St Wytheville, VA 24382

0.13 ac lot Built 1960
Property ID
Property summary
AI-generated overview

This exceptional, 100% occupied shopping mall presents a lucrative investment opportunity in the vibrant heart of downtown Wytheville, Virginia. The property boasts twelve individual commercial spaces, each equipped with its own independent electric meter, ensuring efficient utility management and individual tenant control. The consistent high occupancy rate speaks to the property's prime location and strong tenant base, many of whom have enjoyed long-term leases. Situated in the center of downtown, the mall benefits from high foot traffic and proximity to artisan shops and cultural attractions, creating a dynamic and desirable environment for both tenants and customers. Recent updates have maintained the property in exceptional condition, reflecting a commitment to quality and long-term value. While all parking is publicly accessible, the central location minimizes the need for extensive on-site parking. The 0.13-acre lot provides ample space for the existing structure and its surrounding activity. This is a rare chance to acquire a thriving commercial property with a proven track record of success and significant income potential. The asking price is $949,000.

Property profile
Verified
Property type Commercial real estate
Year built 1960
Lot 0.13 ac (5,663 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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