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37222 Lee Highway

Glade Spring, VA 24340
  • $168,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: 9927720
Price Reduced
UPDATED: 5 min ago
$168,000
  • 0
    BEDS
  • 1.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,600
    SQFT
  • $37
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:

School Ratings & Info

Description

Huge Potential for this parcel and building. Own a part of history in Washington County with the well known Snaps trading post. Investors, take this building to the next level and utilize the acreage at the top of the land for a variety of uses. Zoned A2, there are several uses for this property that a buyer could seek special uses for through the zoning board to accelerate the return on investment. Currently the owner is leasing out 4 of the 5 sections in the building and using 1 for their business. The highest and best use for the property is continued leasing in several different aspects. No leases are currently in place and would be considered month to month with the businesses in place. There is 1.73 acres total on the property. The building takes up a small portion of the left side of the parcel which lends a large amount of space to the right of the building. The current parking lot could be utilized for storage along with the upper acreage of the parcel lending plenty of options for generating revenue. Any savy investor could look at this property as a blank slate that could easily be improved upon that would generate income. Washington county zoning has been consulted for this property for the ability to add mini warehouse storage units under a special use exemption as one example of improvements that could be made. Any offer seeking that as part of their due diligence could work through the zoning board to get a certification of appropriateness for that use before closing as well as a possible RV and boat storage site with utilizing the building as individual family storage units. All of which would be subject to zoning special use permits established during due diligence. There are several other options that could be utilized for this property. With the proximity to Chilhowie and Glade Spring, it would be easy to find multiple uses for the property and generate income.

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© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-12-04T07:59:50.457.
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37222 Lee Highway Glade Spring, VA 24340

  • Price: $168,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 5 min ago
  • MLS #: 9927720
0
Beds
0
Baths
0
½ Baths
1.73
Acres
4,600
SQFT
$37
$/SQFT
1970
Built
Neighborhood:
Washington Va
County:
Washington
Area:
Washington Va
Property Description
Huge Potential for this parcel and building. Own a part of history in Washington County with the well known Snaps trading post. Investors, take this building to the next level and utilize the acreage at the top of the land for a variety of uses. Zoned A2, there are several uses for this property that a buyer could seek special uses for through the zoning board to accelerate the return on investment. Currently the owner is leasing out 4 of the 5 sections in the building and using 1 for their business. The highest and best use for the property is continued leasing in several different aspects. No leases are currently in place and would be considered month to month with the businesses in place. There is 1.73 acres total on the property. The building takes up a small portion of the left side of the parcel which lends a large amount of space to the right of the building. The current parking lot could be utilized for storage along with the upper acreage of the parcel lending plenty of options for generating revenue. Any savy investor could look at this property as a blank slate that could easily be improved upon that would generate income. Washington county zoning has been consulted for this property for the ability to add mini warehouse storage units under a special use exemption as one example of improvements that could be made. Any offer seeking that as part of their due diligence could work through the zoning board to get a certification of appropriateness for that use before closing as well as a possible RV and boat storage site with utilizing the building as individual family storage units. All of which would be subject to zoning special use permits established during due diligence. There are several other options that could be utilized for this property. With the proximity to Chilhowie and Glade Spring, it would be easy to find multiple uses for the property and generate income.
Exterior Features

Exterior Finish ConcreteWood Siding Lot Size 200X608x650 Number Parking Spaces 30 Road Access HighwayInterstateSee Remarks Roof Metal

Interior Features

Ac None Heating CeramicHeat PumpSpace Heater Total Sqft Finished 4500.00 Total Sqft Unfinished 100.00

Property Features

Annual Lease Amount 9600.00 Auction No Business Type RetailSee RemarksWholesale City Taxes 0.00 County Taxes 946.20 Development Status See Remarks Electric Service 220 Volts Financing CashConventional Foreclosure No Info Available AerialAppraisal Other Equipment Additional Building(S)Inside Storage Restrictions Other Sale Includes See Remarks Sewer Septic Tank Short Sale No Water Public Zoning A2

Listing information © 2021 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Andrew Neese of Prestige Homes Of The Tricities Inc.



© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-12-04T07:59:50.457.
 
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