$499,900

1903 Lovers Gap Road

Vansant VA, 24656

Description

Excellent Investment Portfolio with an immediate 12+% ROI, and with the final office space rented, will bring as much as a 17+% ROI. This property consists of 4 structures. Structure #1 is a free standing commercial building, currently rented by the US Post Office for over 30 yrs, and renew with long term contracts. Structure #2 is an 8,000 SqFt free standing commercial building with 4 office spaces consisting of 2000 SqFt each. Three of these office spaces are rented, and renew with long term contracts. Structures #3 & #4 are single family dwellings that have been rented by the same tenants for decades. Both residential structures can also be utilized as commercial offices if desired. Both commercial structures are GSA (Government Services Approved), and automatically renew every year. Each structure has been remodeled, has new metal roofs, HVACS, and so much more. All details, including the 2018 P&L are on file. Call listing agent for appointment.

Details

MLS#424238
StyleIndustrial
Sub-TypeResale
StatusActive
Year1985
Days On Site131

Features

SQ Feet16,450
Story(s)1
ZoningComm-MF-Res

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Area Information

StateVA
CountyBuchanan
CityVansant
Zip Code24656
Area500 - Abingdon
Listing VS Median (in 24656)
Price:
$499,900
low | high
Med:
$424,450
65.093018603721% of Average
SqFt:
16,450
low | high
Med:
9,337
93.243161094225% of Average
$ / SqFt:
$30
low | high
Med:
$9
100% of Average
On Site:
131
low | high
Med:
236
55.508474576271% of Average
Listing Updated: 11/18/2019
MLS Number: 424238
Listing Provided By:
ELAINE CRAWFORD  of  KW JOHNSON CITY

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