former Statzer's Cafeteria
Retail-Commercial
for Sale
| Catylist Listing ID: |
30783913 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Service Station/Gas Station, Street Retail, Other
|
| Building Size (RSF): |
7,526 SF
|
| Gross Land Area: |
0.64 Acres
|
| Sale Price: |
$599,000 |
| Unit Price: |
$79.59 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Former Statzer's Cafeteria |
| Usable Size (USF): |
7,526 SF |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/2/2022 |
Overview / Comments
Great Signalized corner with excellent visibility and high traffic counts. Hwy 58 is the State Hwy from Abingdon, VA into the western part Southwest Virginia and Coeburn, Norton, Big Stone Gap and further north. As a signalized corner at Elementary Drive, this site is the entrance to several large churches and Abingdon Elementary School, so traffic is very consistent. The building has been utilized for a number of uses since it was Statzer's as it is well built and is flexible for a variety of Uses. If you're looking for a great business site with excellent visibility, this is your site.
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Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Washington |
| Taxing Authority: |
Washington County |
| Tax ID/APN: |
103 A 2132 2B |
| Zoning: |
B-2 |
| Retail Clientele: |
General, Business, Recreation, Other |
| Property Located Between: |
Corner of Elementary Drive and Porterfield Hwy. |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Porterfield Hwy |
| Highway Access: |
Property has direct access to Porterfield Hwy and Elementary Drive |
| Airports: |
Highlands Community Airport; Tri Cities Regional Airport |
| Site Description: |
Nearly level 0.64 cres on a signalized corner at one of the busiest stretches of Porterfield Hwy in Southwest Virginia just outside of the town limits of Abingdon, VA. |
| Area Description: |
Porterfield Hwy is Route 19/58 which connects Southwest Virginia and Eastern Kentucky with Abingdon and Interstate I-81. This business corridor sustains incredibly high traffic counts from Western Virginia into Abingdon and the Tri Cities. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
7,526 SF |
| Property Condition: |
Good |
| Year Built: |
1955 |
| Year Renovated: |
1995 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block, Brick, Wood Frame |
| Exterior Description: |
Exterior comprised mostly of Brick/block. |
| Parking Type: |
Surface |
| Parking Description: |
Surface parking with spaces |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL, Satellite, Fiber Optic |
| Interior Description: |
Property is currently in an office configuration. |
| Zoning Description: |
B-2, business class 2 which holds the widest commerical/business use in the County and can support retail, commercial and office uses. |
| Lot Frontage: |
210' |
| Lot Depth: |
129' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Easements Description: |
Normal easements for access as well as utilities. |
| Land Ownership: |
Fee Simple |
| Legal Description: |
Upon Request. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,775 |
17,414 |
| Median Age: |
46.67 |
45.03 |
| Households: |
4,042 |
7,850 |
|
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