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.

Attachments & Media

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.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,775 17,414
Median Age: 46.67 45.03
Households: 4,042 7,850


Photograph of Listing Agent

Richard S. Armstrong, III

TCI Group - Lowry & Foster, Inc. NETAR CMLS Member
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