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Property profile

110 N Washington Ave Pulaski, VA 24301

Commercial real estate
Property ID
US87-2927722
View Sample
Entity Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

The Dalton Building, a significant piece of Pulaski's history, presents a unique investment opportunity. This 14,735+ square foot, three-story commercial property boasts a prime downtown location, situated beside the Veterans Memorial Bridge and within walking distance of numerous amenities. Previously utilized as offices, a bank, hotel, and theater, the building retains much of its original charm, including a stunning central tower offering panoramic views of Pulaski. The main level features three street-facing office spaces, while the second and third floors were historically configured as apartments and hotel rooms. Original architectural details, such as the staircase, trim, doors, transoms, and hardwood floors, are largely intact and in good condition. A partial basement provides ample storage. Proposed plans for an extended-stay facility are available, suggesting a potential use for the upper floors as efficient apartments or similar units, with the ground floor office spaces available for rental income. The property is being sold "as is" with no inspections permitted, and cash offers only will be considered. Please note a deed restriction prohibits the building's rehabilitation or remodel as an overnight hotel. The 0.12-acre lot offers convenient access and visibility. This is a rare chance to acquire a substantial historic building with significant redevelopment potential in a thriving downtown area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Zoning code PB3
APN 072-051-0031-0012
UPID US87-2927722

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2016
$30,000

Zoning & alternative use

PB3 · Pulaski, 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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