1901 Bob White BlvdPulaski, VA 24301

Property Details for 1901 Bob White Blvd

Lot size

0.72 AC

Zone code

PB1

Property type

Other commercial real estate

APN

073-001-0000-0152

APU

7300100000152

Description

This stabilized Class B office building, located at 1901 Bob White Blvd, Pulaski, VA 24301, presents a compelling investment opportunity. The property features 2,506 square feet situated on a 0.725-acre lot, with a permitted commercial zoning. Currently 100% occupied by a credit-rated tenant under a triple net (NNN) lease, this single-tenant property offers a long-term, secure investment. The lease commenced September 1, 2023, and has a remaining term of 3.8 years, with two five-year renewal options. The building, constructed in 1995 and renovated in 2023, boasts a 7.77% cap rate and a price per square foot of $126.90. The asking price is $318,000. This is a single-story building offering a stable, steady cash flow from a long-term tenant, the Commonwealth of Virginia, providing investment-grade security. The property's APN is 073-001-0000-0152. This is an exceptional opportunity for investors seeking a low-risk, high-yield investment with a strong tenant and significant remaining lease term.

• Alternative Use

  Use

  Valuation

  Residential

  $3,938,495

  Hospitality

  $3,607,640

  Educational

  $3,001,514

  Medical

  $3,104,741

  Retail

  $4,669,022

Location Insight

City

Pulaski

County

Pulaski

State

Virginia

Latitude

37.0597

Longitude

-80.7436

CBSA code

13980

CBSA name

BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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