610 Lee HwyWytheville, VA 24382

  • Commercial real estate
  • 5,394 SF
For Sale
$179,000 View listing

Property Details for 610 Lee Hwy

Year built
1942
Construction
STEEL FRAME
Lot size
0.99 AC
Property size (Sq ft)
5,394 SF
Property type
Commercial real estate
APN
041A-003-0000-0005
APU
041A00300000005

Description

This exceptional 5300 square foot commercial building presents a remarkable investment opportunity in Wytheville, Virginia. Situated on a 1.1-acre lot, the property boasts high visibility and ample parking, making it ideal for a variety of commercial uses. Currently, half the building is occupied by a long-term tenant operating a successful auto repair shop, providing a stable income stream. The remaining space offers significant potential for expansion or leasing to additional tenants. The building's versatile layout and substantial size allow for diverse business applications, catering to a wide range of commercial needs. Its strategic location ensures excellent exposure to a high volume of traffic, maximizing visibility and accessibility for potential customers. The property's substantial size, combined with its existing tenant and prime location, makes it an attractive proposition for investors seeking a strong return on investment. The ample parking further enhances the property's appeal, ensuring convenience for both tenants and their clients. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving community. Don't miss out on this chance to own a piece of Wytheville's commercial landscape. The asking price is $179,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $677,366
    Hospitality
    $620,464
    Educational
    $516,219
    Medical
    $533,972
    Retail
    $803,007

Location Insight

City
Wytheville
County
Wythe
State
Virginia
Latitude
36.9478
Longitude
-81.0953

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,749
$119,700
-
$119,700
-
$119,700
-
$119,700

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