For Sale
$425,000

702 Park AveNorton, VA 24273

19,000 SF, 0.5-acre lot, high potential

Overview

Added:
Feb 3
Days on market:
61
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.

Property Details for 702 Park Ave

Property type
Square Feet
19,345 SF
Year Built
1926
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Norton
County
Wise
State
Virginia
Latitude
36.93441
Longitude
-82.62862
702 Park Ave, Norton, Virginia

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702 Park Ave
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