Riverside Shopping Center
Shopping Center
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30364860 |
| Property Subtypes: |
Free-Standing Store, Strip Center
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
51,318 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
6.61 Acres
|
| Sale Price: |
$3,495,000 |
| Unit Price: |
$68.10 PSF |
| Property Use Type: |
Business |
| Building Name: |
Riverside Shopping Center |
| Sale Terms: |
Build-to-Suit, Other |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/8/2020 |
Overview / Comments
|
GREAT INCOME PROPERTY FOR SALE WITH HIGH DAILY TRAFFIC COUNTS. THE 2017 VDOT TRAFFIC COUNT FOR U.S. 58-A AT THE WISE/RUSSELL COUNTY LINE IS 11,000 FOR AUTOMOBILES AND 12,000 PER DAY FOR ALL VEHICLES. THE RIVERSIDE SHOPPING CENTER IN ST. PAUL, VA, ADJACENT TO U.S. HWY. 58-A, IS BEING OFFERED FOR SALE. THIS CENTER IS FULLY OCCUPIED AND HAS AN 8% CAP RATE, LESS AN ATTACHED OUT-PARCEL NEXT TO THE HUDDLE HOUSE LOCATION. TENANTS INCLUDE WALGREENS, ROSES DEPARTMENT STORES, BALLAD HEALTH, VIRGINIA ABC, HUDDLE HOUSE RESTAURANT.
|
Current Tenants
| Tenant Business Name |
Walgreens |
| Is Renting? |
Yes |
| Annual Revenue |
$80,000 (Annual) |
| Tenant Business Name |
Variety Wholesale DBA Roses Department Store |
| Is Renting? |
Yes |
| Annual Revenue |
$121,000 (Annual) |
| Tenant Business Name |
Ballad Health |
| Is Renting? |
Yes |
| Annual Revenue |
$49,800 (Annual) |
| Tenant Business Name |
Virginia ABC Store |
| Is Renting? |
Yes |
| Annual Revenue |
$13,272 (Annual) |
| Tenant Business Name |
Huddle House |
| Is Renting? |
Yes |
| Annual Revenue |
$48,000 (Annual) |
Additional Details
| Nearest MSA: |
Big Stone Gap |
| County: |
Wise |
| Tax ID/APN: |
157L IB 4,4B |
| Zoning: |
C-1 |
| Retail Clientele: |
Business, Recreation |
| Property Located Between: |
Abingdon, VA - Norton, VA |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
U.S. Highway 58-A |
| Traffic/Vehicle Count: |
12,000 |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Roof Type: |
Flat |
| Construction/Siding: |
Aluminum Siding, Block |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Package Unit |
| Zoning Description: |
C-1 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Electric Lines, Utilities |
| Land Ownership: |
St. Paul Center, LLC |
| Legal Description: |
Per deed |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,806 |
7,337 |
| Median Age: |
43.62 |
43.69 |
| Households: |
1,215 |
3,101 |
|
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