544 Clydes Way DrLebanon, VA 24266

Property Details for 544 Clydes Way Dr

Year built

1985

Lot size

14.00 AC

Property size (Sq ft)

87,088 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

117R 2709F

APU

117R2709F

Description

This exceptional 93,089-square-foot industrial property, situated on a spacious 14-acre lot in Lebanon, Virginia's Russell County Industrial Park, presents a compelling investment opportunity. Built in 1985, this single-story building boasts a 14-foot minimum ceiling height, six-bay loading dock, and an expansive overhead door, catering to efficient distribution and manufacturing operations. The property includes an updated office area, enhancing functionality and administrative space. The warehouse features 3-phase power and floor depth ranging from 6 to 10 inches. The substantial lot size offers significant expansion potential, allowing for future growth and development. This prime location within an established industrial park provides easy access to transportation networks and essential infrastructure. The asking price is $2,200,000, translating to $23.63 per square foot. The property's APN is 117R2709F. This is a rare opportunity to acquire a well-maintained, expansive industrial facility with considerable room for expansion in a desirable location. Don't miss out on this chance to secure a strategic asset for your business.

• CAP approach

  CAP return

  Valuation

  6%

  $20,348,678

  6.5%

  $18,783,394

  7%

  $17,441,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,747,482

  Geo Method

  $14,747,482

• Alternative Use

  Use

  Valuation

  Residential

  $23,291,410

  Hospitality

  $21,334,806

  Educational

  $17,750,308

  Medical

  $18,360,768

  Retail

  $27,611,590

Location Insight

City

Lebanon

County

Russell

State

Virginia

Latitude

36.8952

Longitude

-82.1128

Property Tax & Assessments

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