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: |
2/22/2021 |
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 |
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Northeast Tennessee Association of REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|