2747 General Puller HwySaluda, VA 23149

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 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.

• 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

Location Insight

City

Saluda

County

Middlesex

State

Virginia

Latitude

37.6028

Longitude

-76.5647

Property Tax & Assessments

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