175 Tazewell St Wytheville, VA 24382
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 175 Tazewell St
- Year built
- 1960
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wytheville
- County
- Wythe
- State
- Virginia
- Longitude
- -81.0843
- Latitude
- 36.9501
