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Property profile & analytics
OFF-MARKET
Commercial real estate

610 Lee Hwy Wytheville, VA 24382-1708

5,394 SF 0.99 ac lot Built 1942
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US87-2566813
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1942
Construction STEEL FRAME
Total area 5,394 SF
Lot 0.99 ac (42,994 SF)
APN 041A-003-0000-0005
UPID US87-2566813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tolley6 LLC · 11 yrs held
Tolley6 LLC
since 2014
Last sale
$100,000
2 recorded transactions
2014
$185,000
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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