600 Kentucky AVE Norton, VA 24273
0.83 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 9994152
HOA Y/N No
Year Built 1980
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions .8333
Source Tennessee/Virginia Regional MLS
Property Description
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 with no utilities currently in place, keeping operating expenses extremely low.
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.
Location
State VA
County Wise
Community Not In Subdivision
Area 0.83
Zoning M-1
Direction From John I. Burton High school follow Kentucky Avenue. Property is on the left. Sign on building.
Interior
Heating None
Cooling None
Equipment Garage Bay(s)
Heat Source None
Exterior
Roof Type Metal
Road Frontage City Street
Building
Sewer At Road, Public Sewer
Water At Road, Public
Structure Type Metal Siding
New Construction No
Others
Senior Community No
Tax ID 232n0877
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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