901 Wilborn AveSouth Boston, VA 24592

Property Details for 901 Wilborn Ave

Lot size

0.48 AC

Property size (Sq ft)

1,862 SF

Property type

Office properties

Property subtype

Other office properties

APN

2432

APU

2432

Description

This exceptional 1,863-square-foot retail building is available for sale in South Boston, Virginia. Located at 901 Wilborn Ave, this single-tenant property sits on a sizable 0.48-acre lot, offering excellent visibility and accessibility from a major thoroughfare. Built in 1983, the structure is currently vacant and presents a unique opportunity for a variety of retail businesses. The property's B-2 zoning allows for diverse commercial uses, providing flexibility for potential buyers. Its stand-alone design offers ample space and independence, while the nearly half-acre lot provides ample parking and potential for expansion. The property's prime location in the heart of South Boston ensures high traffic volume and strong visibility, making it an ideal location for businesses seeking to establish a significant presence in the area. The Net Lease (NNN) structure offers a straightforward ownership model. This is a rare opportunity to acquire a well-situated, versatile retail space in a thriving Virginia community. The property's size, zoning, and location combine to create a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $278,323

  6.5%

  $256,914

  7%

  $238,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $427,403

  Geo Method

  $427,403

• Alternative Use

  Use

  Valuation

  Residential

  $318,573

  Hospitality

  $291,811

  Educational

  $242,784

  Medical

  $251,133

  Retail

  $377,663

Location Insight

City

South Boston

County

Halifax

State

Virginia

Latitude

36.7011

Longitude

-78.9042

Property Tax & Assessments

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