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600 Southwest Kentucky Avenue, Norton, VA 24273 - $320,000

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Blue Ridge Properties Listing

600 Southwest Kentucky Avenue, Norton, VA 24273 (MLS #9994152)

Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Commercial Sale

Sub Type:

MLS Number: 9994152

Lot Acreage: 0.83000

Living Area: 0

Year Built:1980

Elementary School:

Middle School:

High School:

Public Remarks: GREAT investment opportunity!! Here you have a storage facility with major expansion, development, and passive income potential. This 35-unit storage facility (varying sizes) offers immediate and consistent cash flow in a great location. 34 units are currently rented, while one is being cleaned out. The potential to expand by approximately 60 additional units or other business ventures, offers a clear path to significantly increase income. Designed for passive ownership and minimal upkeep, this property consists of well-maintained metal buildings and public water. sewer, and power that could be utilized. With strong local demand and limited competition, the existing units maintain steady occupancy, while the expansion potential creates an exceptional opportunity to scale revenue. There is enough room to add a whole row of units in the back, as well as other areas. In addition to adding more units, the property offers potential additional income streams, such as a car wash (which it has previously served as), laundromat, vending machines, or other complementary services (subject to approvals). Further upside includes the ability to increase rents to market rates and/or introduce utilities to enhance value and attract additional tenant demand. Whether you're looking for a low-maintenance, income-producing asset or a property with significant long-term growth potential, this opportunity delivers both.

Listing Courtesy:ReMax Cavaliers Wise

More Listing Info:

AC:None11: true

Business Type:Other33: true

Contract Info:Foreclosure: No

Development Status:Finished Lot(s): true

Electric Service:Other34: true

Exterior Finish:Metal Siding: true

General Property Description:Acres: 0.83

General Property Description:Annual Lease: 0.0

General Property Description:HOA YN: No

General Property Description:Lease: No

General Property Description:Lot Size2: .8333

General Property Description:Total SqFt Finished: 0.0

General Property Description:Total SqFt Unfinished: 3756.0

General Property Description:Zoning2: M-1

Heating:None7: true

Info Available:Other29: true

Location Tax Legal Info:City Taxes: 2412.9

Location Tax Legal Info:County Taxes: 0.0

Other Equipment:Garage Bay(s): true

Property Condition:Average: true

Remarks Misc:Directions3: From John I. Burton High school follow Kentucky Avenue. Property is on the left. Sign on building.

Remarks Misc:Public Remarks7: GREAT investment opportunity!! Here you have a storage facility with major expansion, development, and passive income potential. This 35-unit storage facility (varying sizes) offers immediate and consistent cash flow in a great location. 34 units are currently rented, while one is being cleaned out. The potential to expand by approximately 60 additional units or other business ventures, offers a clear path to significantly increase income. Designed for passive ownership and minimal upkeep, this property consists of well-maintained metal buildings and public water. sewer, and power that could be utilized. With strong local demand and limited competition, the existing units maintain steady occupancy, while the expansion potential creates an exceptional opportunity to scale revenue. There is enough room to add a whole row of units in the back, as well as other areas. In addition to adding more units, the property offers potential additional income streams, such as a car wash (which it has previously served as), laundromat, vending machines, or other complementary services (subject to approvals). Further upside includes the ability to increase rents to market rates and/or introduce utilities to enhance value and attract additional tenant demand. Whether you're looking for a low-maintenance, income-producing asset or a property with significant long-term growth potential, this opportunity delivers both.

Restrictions:Other37: true

Road Access:City Street: true

Roof:Metal3: true

Sale Includes:Other38: true

Sewer:At Road: true

Sewer:Public Sewer: true

Water:At Road2: true

Water:Public: true