300 Main StTazewell, VA 24651

For Sale
$285,000

Prime Tazewell Office Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This well-maintained, 9,744 square foot Class C office building in Tazewell, Virginia, presents a compelling investment opportunity. Located at 300 Main Street, this property boasts a prominent location with high visibility and foot traffic. The building, constructed in 1955, features six individual units, currently 67% occupied, generating a Net Operating Income (NOI) of $30,000 and a 10.53% capitalization rate. The asking price is $285,000. Each unit benefits from separate electric meters (upper and lower levels), while water and sewer are combined. The building's brick exterior maintains classic charm, while the interior is well-maintained and move-in ready. The property is zoned for commercial use and offers significant potential for rental income or entrepreneurial ventures. The floor plan is available upon request. This multi-tenant property is an excellent addition to any investment portfolio, offering a strong return on investment in a desirable location. The property previously housed a well-known bar, suggesting potential for similar establishments. This is a rare opportunity to acquire a well-situated commercial property in the heart of Tazewell County, Virginia, with a proven track record of income generation.

Highlights

  • 9,744 SF Class C office building in Tazewell, VA.
  • Prominent Main Street location with high visibility and foot traffic.
  • Six individual units, 67% occupied, generating $30,000 NOI and a 10.53% cap rate.
  • Asking price: $285,000.
  • Separate electric meters for each unit; shared water/sewer.

Property Details for 300 Main St

Property type
Other office properties, Office properties
Square Feet
9,744 SF
Class
C
Year Built
1955
Buildings
1
Units
6

Location Insight

City
Tazewell
County
Tazewell
State
Virginia
Latitude
37.1157728
Longitude
-81.5219785
300 Main St, Tazewell, Virginia

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300 Main St
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