2747 General Puller HwySaluda, VA 23149

  • Retail properties
  • 1,624 SF
For Sale
$1,872,950 View listing

Property Details for 2747 General Puller Hwy

Year built
1948
Lot size
1.02 AC
Property size (Sq ft)
1,624 SF
Zone code
GB
Property type
Retail properties
Property subtype
Retail space
APN
27 181
APU
27181

Description

This exceptional investment opportunity encompasses a thriving 78-unit, 15,000 square-foot storage facility situated on a 2.18-acre lot at 2747 General Puller Highway in Saluda, Virginia. The property boasts a consistently high occupancy rate, ensuring a strong and reliable income stream. In addition to the secure, fully fenced storage units, the property includes 18 open-air spaces ideal for boat, RV, or other vehicle storage. Further enhancing the revenue potential is a well-established car wash featuring one in-bay automatic wash and two self-service bays, complemented by four vacuum stations. A separate 1,625-square-foot office building is currently leased to a barbershop, providing additional rental income. The property's prime location on Route 33 in Saluda ensures high visibility and accessibility. The current owners have demonstrated the property's profitability and potential for growth, with ample room for expansion of both the storage and car wash operations. This turnkey business offers a unique blend of established income and significant future growth opportunities. The sale includes both the land and the established business. This is a rare chance to acquire a profitable and well-maintained commercial property in a desirable location. Financial records are available upon request to qualified buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $504,115
    6.5%
    $465,337
    7%
    $432,098
  • Comparable approach

    Method
    Valuation
    Relative Method
    $524,383
    Geo Method
    $683,485
  • Alternative Use

    Use
    Valuation
    Residential
    $392,529
    Hospitality
    $359,554
    Educational
    $299,145
    Medical
    $309,433
    Retail
    $465,337
2747 General Puller Hwy, Saluda, Virginia

Location Insight

City
Saluda
County
Middlesex
State
Virginia
Latitude
37.6028
Longitude
-76.5647

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,464
$81,300
$322,700
$404,000
-
$81,300
$322,700
$404,000

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