6104 Dr Thomas Walker Rd Rose Hill, VA 24281-8338
This 6,000 square foot commercial building, situated on a 3,000 square foot lot at 6104 Dr Thomas Walker RD, Rose Hill, VA 24281, presents a remarkable investment opportunity. Built in 1952, this landmark building boasts a rich history as a thriving furniture store, cash store, and music store. The main level features a solid concrete floor, block walls, an open floor plan, large storefront windows, a kitchenette, two bathrooms, a furnace room, and double rear doors ideal for loading and unloading. Upstairs, an open floor plan with concrete flooring supported by steel floor joists, high ceilings, roof access, and large windows offering White Rock Mountain views awaits your vision. While plumbing updates are needed, and the 2021 roof replacement requires patching (already factored into the $59,970 asking price), the potential is immense. This versatile space is perfect for conversion into apartments, a retail store, restaurant, beauty shop, medical facility, or numerous other uses. The property's location in the heart of Rose Hill, Virginia offers excellent visibility and accessibility. Don't miss this chance to own a piece of Rose Hill history and unlock its significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.