2747 General Puller HwySaluda, VA 23149
- Retail properties
- 1,624 SF
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
Location Insight
- City
- Saluda
- County
- Middlesex
- State
- Virginia
- Latitude
- 37.6028
- Longitude
- -76.5647
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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