For Sale
$289,900

680 Chapman Rd Wytheville, VA 24382

High-yield commercial property, VA.

Overview

Added:
Dec 11, 2024
Days on market:
134
This mixed-use property at 680 Chapman Rd., Wytheville, VA 24382, offers a compelling investment opportunity. The 3,000 sq. ft. warehouse building generates substantial annual income, currently leased to a reputable tenant, minimizing vacancy risk and ensuring immediate cash flow. The property boasts a strong 10% cap rate, with a current annual income of $29,400. A key feature is the on-site billboard, which significantly contributes to the overall revenue, currently generating double the income of the warehouse itself. This presents a unique advantage, as there are no other available billboard locations in Wytheville, ensuring continued high demand and income potential. The property's convenient location near major highways facilitates easy logistics and consistent tenant demand. This turnkey investment is ideal for those seeking a low-maintenance, passive income stream with significant upside potential. The current leases provide immediate income and the flexibility to adapt to future tenant needs, making this a versatile and attractive asset for long-term growth. The asking price is $289,900.

Highlights

  • 10% cap rate, $29,400 annual net operating income (NOI).
  • Currently leased to a reputable tenant, minimizing vacancy risk.
  • Includes a billboard with existing advertising revenue.
  • Versatile space with long-term growth potential and flexible leasing options.
  • Turnkey investment offering low-maintenance, passive income.

Property Details for 680 Chapman Rd

Property type
Office properties, Mixed-use properties

Location Insight

City
Wytheville
County
Wythe
State
Virginia
Latitude
36.9471218
Longitude
-81.0579626

FAQs

What type of property is this?
Office property - High-yield commercial property, VA.
Where is the office property located?
The property is located at 680 Chapman Rd Wytheville, VA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 10% cap rate, $29,400 annual net operating income (NOI).; Currently leased to a reputable tenant, minimizing vacancy risk.; Includes a billboard with existing advertising revenue.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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680 Chapman Rd
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