806 Wenonah AvePearisburg, VA 24134

Property Details for 806 Wenonah Ave

Year built

1978

Lot size

0.75 AC

Property size (Sq ft)

2,520 SF

Zone code

BB-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

40A 6 4

APU

40A64

Description

This exceptional 2,500 square foot vacant commercial property, located at 806 Wenonah Avenue in Pearisburg, Virginia, presents a remarkable investment opportunity. Situated on a 0.75-acre lot, this retail space is ideally suited for a restaurant or other small business venture. Its prime location on a main thoroughfare ensures high visibility and accessibility. The property is currently vacant, offering immediate occupancy for a new tenant. Pearisburg, the county seat of Giles County, boasts a thriving local economy supported by a diverse range of businesses, including national chains such as Walmart, Food Lion, Tractor Supply, and Walgreens. The presence of a hospital and high school further contributes to the area's robust population and consumer base. This property offers significant potential for growth and profitability. The asking price is $299,000, with the possibility of seller financing up to 50%, making this an attractive proposition for qualified buyers. The property's zoning and specific permitted uses should be verified independently. Don't miss this chance to establish your business in a vibrant and growing community. The zip code is 24134.

• CAP approach

  CAP return

  Valuation

  6%

  $406,416

  6.5%

  $375,153

  7%

  $348,357

• Comparable approach

  Method

  Valuation

  Relative Method

  $806,075

  Geo Method

  $1,075,377

• Alternative Use

  Use

  Valuation

  Residential

  $316,456

  Hospitality

  $289,872

  Educational

  $241,170

  Medical

  $249,464

  Retail

  $375,153

Location Insight

City

Pearisburg

County

Giles

State

Virginia

Latitude

37.3268

Longitude

-80.73

CBSA code

13980

CBSA name

BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].