4743 Kings Mountain RdCollinsville, VA 24078

Property Details for 4743 Kings Mountain Rd

Lot size

0.67 AC

Zone code

B1

Property type

Commercial real estate

APN

27840020

APU

27840020

Description

This exceptional investment opportunity presents a single-story, 1,333-square-foot commercial building situated on a 0.689-acre lot in Collinsville, Virginia. Built in 2004, the Class B property is zoned for commercial use and features two separately metered suites currently occupied by two tenants under a modified lease agreement. Each suite boasts its own HVAC system, providing independent climate control. The property offers ample parking in a paved lot and benefits from prominent backlit monument signage. The asking price is $219,950, translating to $165 per square foot. The building's layout includes two units, making it ideal for owner-user scenarios or continued multi-tenant occupancy. The property's address is 4743 Kings Mountain Rd, Collinsville, VA 24078, and its APN is 12911. This prime location in a growing area presents a compelling investment opportunity for those seeking a stable income stream and potential for future appreciation. The current tenants are on month-to-month leases, offering flexibility for the new owner. This property is a turnkey operation, ready for immediate income generation. The building's construction is brick, and the property is easily accessible.

• CAP approach

  CAP return

  Valuation

  6%

  $3,634,330

  6.5%

  $3,354,770

  7%

  $3,115,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,710,120

  Geo Method

  $6,709,220

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,485,880

  Retail / Commercial

  $3,666,230

  Mixed-Use / Specialty

  $3,517,240

  Hospitality / Lodging

  $2,403,520

  Office

  $3,354,770

  Institutional / Educational

  $3,607,930

  Residential Income

  $4,221,280

  Multifamily

  $5,816,310

  Automotive / Energy

  $3,092,510

  Parking / Income-Based Land

  $1,201,480

  Restaurant / Food Service

  $1,539,260

  Healthcare / Senior Housing

  $3,746,250

Location Insight

City

Collinsville

County

Henry

State

Virginia

Latitude

36.7333

Longitude

-79.9128

CBSA code

32300

CBSA name

MARTINSVILLE, VA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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