517 Main StAbingdon, VA 24210

Property Details for 517 Main St

Year built

1972

Lot size

1.75 AC

Property size (Sq ft)

5,600 SF

Zone code

ABINGDON

Property type

Commercial real estate

APN

018 1 17A

APU

018117A

Description

This 40,000 square foot, single-story brick warehouse is located at 517 W Main St, Abingdon, VA 24210. Situated on approximately 1.5 acres (subject to verification and survey), this property offers significant potential for redevelopment. Currently vacant, the building features two loading docks and two dock-high doors. The interior is a two-level space, previously used for feed and fertilizer sales. The property is zoned B-3 Central Business, allowing for a variety of uses including retail, warehouse, or flex space. The asking price is $1,100,000, translating to $25 per square foot. The land value alone is estimated at $16.83 per square foot. Please note that the roof requires repair and replacement. This offering includes only the brick warehouse and associated land after subdivision of existing parcels

• CAP approach

  CAP return

  Valuation

  6%

  $1,482,940

  6.5%

  $1,368,870

  7%

  $1,271,090

• Comparable approach

  Method

  Valuation

  Relative Method

  $948,304

  Geo Method

  $948,304

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,599,810

  Retail / Commercial

  $1,351,800

  Mixed-Use / Specialty

  $1,361,660

  Hospitality / Lodging

  $1,018,130

  Office

  $1,368,870

  Institutional / Educational

  $1,420,830

  Residential Income

  $1,662,370

  Multifamily

  $1,912,360

  Automotive / Energy

  $1,217,850

  Parking / Income-Based Land

  $405,761

  Restaurant / Food Service

  $739,546

  Healthcare / Senior Housing

  $1,381,310

Location Insight

City

Abingdon

County

Washington

State

Virginia

Latitude

36.7068

Longitude

-81.9878

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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