Russell Road Office

Retail-Commercial for Sale
Catylist Listing ID: 30783911
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,400 SF
Gross Land Area: 0.11 Acres
Sale Price: $259,000
Unit Price: $107.92 PSF
Property Use Type: Investment
Building Name: Russell Road Building
Usable Size (USF): 1,600 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/2/2022

Overview / Comments

Excellent downtown Abingdon location, which includes it's own parking. Situated just above Main street near a signalized intersection with Main Street the Russell Road property has good visibility, access and centralized location to Abingdon.
The property is available with two suites, one currently leased to Tim Kaines Regional Office and the other (vacant) which contains 1,600 sq ft of excellent office space and is currently For Lease. Owner's are open to Offers.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: Washington County, VA
Tax ID/APN: 20568
Retail Clientele: General, Business
Property Located Between: Main Street and Valley Street
Property Visibility: Excellent
Largest Nearby Street: Main Street
Highway Access: Russell Road is part of State Hwy 58
Airports: Highlands Community Airport
Site Description: Level, easily accessed parking and building
Area Description: Downtown Abingdon, one of Virginia's oldest town, home to Virginia's State Theatre , Barter Theatre, as well as the Martha Washington Inn, County seat of Washington County, as well as Federal Courthouse.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Good
Year Built: 1956
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Exterior is Brick with some wood.
Total Parking Spaces: 4
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: Two Offices with their own restrooms
Zoning Description: PTD - Planned Technology District
Lot Frontage: 49'
Lot Depth: 96'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: Upon request

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,578 12,855 15,505
Median Age: 44.75 45.51 44.5
Households: 1,218 5,922 6,792


Photograph of Listing Agent

Richard S. Armstrong, III

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