7857 Enon Dr Hollins, VA 24019

This 10,129-square-foot, two-story Class B office building, situated on a 3.11-acre lot in Hollins, Virginia (zip code 24019), presents a compelling value-add investment opportunity. Built in 1998 and previously utilized as the Hollins Communications Research Institute, the property boasts a park-like setting with mountain views. Currently operating at 15% occupancy with a single tenant under a short-term lease (expiring September 30, 2024), this multi-tenant building offers significant upside potential. The flexible layout includes individual offices, adaptable exam rooms, break areas on both floors, and ample storage, even an apartment. Zoned C-1, it's ideally suited for medical, traditional office, or educational uses. Its prime location near I-81's Hollins exit provides easy access to Salem, Roanoke City, and Botetourt County. The property benefits from the proximity to numerous amenities, including major retailers (Tractor Supply Co., Camping World), hotels, and the recently expanded Wells Fargo Customer Support Center (a $87 million expansion adding 1,100 jobs). The asking price is $1,300,000 ($128.34/SF). The building offers one lease renewal option for six months.