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600 Southwest Kentucky Avenue
Norton VA 24273
MLS #9994152 · Listing Courtesy of ReMax Cavaliers Wise
$320,000
Active
0.83
Acres
1980
Built
Property Description
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.
Property Facts
Property TypeCommercial Sale
MLS Number9994152
City Taxes$2,412.90
County Taxes$0
Features & Amenities
At Road Sewer
At Road Water
Average Condition
City Street
Finished Lot(s)
Garage Bay(s)
Metal Roof
Metal Siding Exterior
Public Sewer
Public Water
Directions
From John I. Burton High school follow Kentucky Avenue. Property is on the left. Sign on building.
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Additional Information
ACNoneYesBusiness TypeOtherYesContract InfoForeclosureNoElectric ServiceOtherYesGeneral Property DescriptionAnnual Lease0HOANoLeaseNoLot Size0.83Total Finished SqFt0Unfinished SqFt3,756ZoningM-1HeatingNoneYesInfo AvailableOtherYesRestrictionsOtherYesSale IncludesOtherYes
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