18377 Westinghouse Rd Abingdon, VA 24210

This exceptional investment opportunity presents a 15,650-square-foot flex building situated on a 7.49-acre lot at 18377 Westinghouse Rd, Abingdon, VA 24210. The property boasts a strong 8.72% cap rate, generating a net operating income (NOI) of $130,800. Currently 100% occupied by two non-retail and specialty pharmacy tenants, the building offers a diverse income stream. The primary tenant, occupying approximately 85% of the space, has enjoyed a long-term presence since 2007. Both tenants are secured by five-year leases with renewal options; three three-year options and three five-year options are available. The building features 12,000 square feet of main-level space with 18-foot ceilings, complemented by 1,300 square feet of mezzanine space and 3,650 square feet of second-floor office and flex space. Ample parking is provided with 60 spaces. The property is zoned M-1 and was constructed in 2002. Its convenient location between Abingdon and Bristol, Virginia, offers easy access to Interstate 81. The asking price is $1,500,000, translating to a price per square foot of $95.85. This multi-tenant property, owned by an LLC, presents a compelling investment opportunity with significant upside potential. The property's strong tenancy, favorable lease terms, and strategic location make it an attractive addition to any portfolio.