Sharon Duncan - Town and Country Realty
16429 Wise Street 2
ST. PAUL, VA 24283

$3,495,000

Description

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 VARIETY WHOLESALERS (DBA ROSES), WALGREENS/RITE AIDE DRUGS, MOUNTAIN STATES HEALTH ALLIANCE (RIVERSIDE MEDICAL CLINIC), VIRGINIA ABC STORE, AND HUDDLE HOUSE. RENEWAL OPTIONS AND RENTAL INCREASES BUILT INTO AGREEMENTS. SOLID CASH FLOW AND INCOME PRODUCING OPPORTUNITIES. FOR MANY YEARS, ST. PAUL HAS SERVED THE FOUR COUNTY SURROUNDING AREA AS A CROSSROADS AND MARKET PLACE. RECENTLY, THE TOWN HAS BECOME A DESTINATION POINT FOR HIKING, BIKING, AND ATV TRAILS. OUTDOOR ENTHUSIASTS ARE ALSO ATTRACTED TO ENJOY THE NON-MOTORIZED SPORTS ON THE CLINCH RIVER - ONE OF NORTH AMERICA'S CLEANEST STREAMS. PLEASE CONTACT THE LISTING AGENT FOR MORE INFORMATION AND A SHOWING APPOINTMENT.

Details

MLS#405109
Sub-TypeResale
StatusActive
Year1988
Days On Site244

Features

Story(s)1
ZoningC-1

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Area Information

StateVA
CountyRUSSELL
CityST. PAUL
Zip Code24283
AreaRussel County
Listing VS Median (in 24283)
Price:
$3,495,000
low | high
Med:
$162,450
100% of Average
On Site:
244
low | high
Med:
416.500000
58.583433373349% of Average
Listing Updated: 12/12/2018
MLS Number: 405109
Listing Provided By:
Fred McClellan  of  CALLEBS REALTY

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