Sterling Casket

Industrial for Sale
Catylist Listing ID: 30408364
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 40,700 SF
Gross Land Area: 4.92 Acres
Sale Price: $799,000
Unit Price: $19.63 PSF
Docks/Doors: 2 Docks, 3 Doors
Office SF: 1,000 SF
Property Use Type: Vacant/Owner-User
Building Name: Sterling Casket Co.
Usable Size (USF): 40,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2019

Overview / Comments

Great Commercial Investment Opportunity on Exit 22, I-81, Abingdon, Virginia. The former Sterling Casket Co. has closed and is now available For Sale. The former hardware foundry built in 1966, is now available for renovation or have the 4.92 Acres redeveloped as a new commercial site. Having great visibility from I-81 at Exit 22, being located next to the South bound entrance ramp to the Washington County Industrial Park which is the home to KVat (Food City), Haapco, VDOT, and a number of other venders, along with the having the closest Interstate 81 access to Johnston Memorial Hospital, this property is highly desirable. County Utilities Available (water & Sewer), call for more information.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Washington
Taxing Authority: Washington County, VA
Tax ID/APN: 086 A 30
Zoning: M-1
Property Located Between: I-81 and Hillman Hwy
Highway Access: Exit 22, I-81
Airports: Tri Cities Regional Airport, Highlands Community Airport
Site Description: Nearly level site, located just off of I-81 at Exit 22, Abingdon, VA
Area Description: Property is located next to I-81 and directly in front of the Washington County Industrial Park.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 40,700 SF
Property Condition: Fair
Year Built: 1966
Year Renovated: 1986
Roof Type: Flat
Construction/Siding: Block, Brick, Metal Siding
Exterior Description: Exterior is mostly brick, with an Steel skinning addition.
Parking Type: Surface
Parking Description: Parking in front of the facility has 9 spaces, and a large lot for trucks and employees is unmarked.
Column Spacing: 24'
Overhead Cranes: Undisclosed
Sprinklers: None
Amps: 800
Volts: 408
X-Phase: 3Phase
Heat Type: Natural Gas

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,353 15,167
Median Age: 41.63 41.15
Households: 2,042 6,145

Contact

Photograph of Listing Agent

Richard S. Armstrong, III

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