Riverside Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30364860
Property Subtypes: Free-Standing Store, Strip Center
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: 5/12/2019

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.

Additional Details

Nearest MSA: Big Stone Gap
County: Wise
Tax ID/APN: 157L IB 4,4A,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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,806 7,337
Median Age: 43.62 43.69
Households: 1,215 3,101

Contact

Photograph of Listing Agent

Fred McClellan

Callebs Realty NETAR CMLS Member
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