2527 Main StHurt, VA 24563

Property Details for 2527 Main St

Year built

2001

Construction

WOOD

Lot size

5.86 AC

Property size (Sq ft)

1,152 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

2545-04-0327

APU

2545040327

Description

This exceptional commercial property presents a unique investment opportunity in Hurt, Virginia. The portfolio comprises five strategically located buildings totaling 9,999 square feet, situated on a sizable 7-acre lot encompassing three parcels. The property's prime location at the US 29 Hurt/Altavista exit ensures high visibility and convenient access for customers and employees. The diverse building mix includes two retail storefronts, ideal for a variety of businesses seeking high-traffic locations. An existing automotive shop provides immediate income potential or the opportunity for expansion within the automotive sector. A smaller storage building offers additional revenue streams or flexible storage solutions. Furthermore, approximately 2,000 square feet of office space is available, providing versatile options for administrative functions or professional services. The expansive 7-acre lot offers ample room for future development or expansion of existing structures, catering to a range of business needs and growth strategies. This property's combination of diverse building types, prime location, and significant land area makes it an attractive investment for both seasoned investors and those seeking a diversified commercial portfolio. The asking price is $750,000. This represents a compelling opportunity to acquire a substantial commercial property in a growing area with significant potential for long-term returns.

• CAP approach

  CAP return

  Valuation

  6%

  $172,196

  6.5%

  $158,950

  7%

  $147,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $264,430

  Geo Method

  $264,430

• Alternative Use

  Use

  Valuation

  Residential

  $197,098

  Hospitality

  $180,541

  Educational

  $150,208

  Medical

  $155,374

  Retail

  $233,656

Location Insight

City

Hurt

County

Pittsylvania

State

Virginia

Latitude

37.0816

Longitude

-79.3327

CBSA code

19260

CBSA name

DANVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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