610 Lee Hwy Wytheville, VA 24382-1708
This exceptional 5300 square foot commercial building presents a remarkable investment opportunity in Wytheville, Virginia. Situated on a 1.1-acre lot, the property boasts high visibility and ample parking, making it ideal for a variety of commercial uses. Currently, half the building is occupied by a long-term tenant operating a successful auto repair shop, providing a stable income stream. The remaining space offers significant potential for expansion or leasing to additional tenants. The building's versatile layout and substantial size allow for diverse business applications, catering to a wide range of commercial needs. Its strategic location ensures excellent exposure to a high volume of traffic, maximizing visibility and accessibility for potential customers. The property's substantial size, combined with its existing tenant and prime location, makes it an attractive proposition for investors seeking a strong return on investment. The ample parking further enhances the property's appeal, ensuring convenience for both tenants and their clients. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving community. Don't miss out on this chance to own a piece of Wytheville's commercial landscape. The asking price is $179,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.