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Gloucester,VA 23061
Key Details
Property Type Commercial/Industrial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Square Footage 2,596 sqft
Price per Sqft $170
Subdivision Gloucester
MLS Listing ID 10576292
Year Built 1996
Annual Tax Amount $1,776
Lot Size 0.570 Acres
Property Sub-Type Purchase
Property Description
For Sale: High-Potential B-1 Zoned Commercial Building:This single-level, well-maintained brick building offers a robust investment opportunity with a strong Cap Rate and minimal upkeep required. Currently generating $3,000/month in rent, this 2,596 sq ft property presents an excellent return on investment. The versatile B-1 zoning supports a range of uses, including retail, office space, or mixed-use development, providing endless possibilities for future tenants or business ventures. Located just off Short Lane across from Lowes this property benefits from excellent visibility and accessibility, making it an attractive location for both tenants and businesses. The current tenant has the option to extend the lease for an additional 5 years, wishes to stay,will vacate, providing flexibility for investors and owner-operators alike. Looking to expand your investment portfolio or establish a new business location, this building offers unmatched potential in a prime area.
Location
State VA
County Gloucester County
Area 121 - Gloucester West
Zoning B-1
Interior
Heating Electric,Forced Hot Air,Heat Pump
Cooling Central Air,Heat Pump
Flooring Carpet
Exterior
Parking Features 1-25 Spcs,Paved,Off Street
Utilities Available City Sewer,City Water,Electric,Telephone Avail
Roof Type Asphalt Shingle
Building
Story 1.0000
Foundation Slab
Others
Special Listing Condition None