702 Park Ave Norton, VA 24273
- Commercial real estate
- 19,345 SF
- 0.50 lot acres
Current Use by Public Records
- Old Virginia Hemp Company / Pharmacy
Property Details for 702 Park Ave
- Year built
- 1926
- Lot size
- 0.50 lot acres
- Property size
- 19,345 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 702 NW Park Avenue in Norton, Virginia, presents a unique investment opportunity. The former Bank of America building boasts over 19,345 square feet of finished space, ideally situated on a half-acre lot encompassing four downtown parcels. One lot offers a drive-through feature and ample parking with approximately 20 spaces. The B-2 zoning allows for versatile usage, permitting commercial space on the ground floor and the potential conversion of the upper floors into residential lofts or apartments. The possibilities are extensive, allowing for creative adaptation to suit diverse business needs. The main floor features multiple spaces with separate entrances, perfect for leasing to multiple tenants. A remarkable historical detail includes the original bank safes, complete with all safety deposit boxes and keys. This property offers a blend of established infrastructure and significant redevelopment potential, making it an attractive proposition for discerning investors seeking a high-impact commercial asset in a vibrant downtown location. All information should be independently verified.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norton
- County
- Wise
- State
- Virginia
- Longitude
- -82.62862
- Latitude
- 36.93441
