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16429 Wise Street 2, ST. PAUL, VIRGINIA – $3,495,000

  • $3.5M Price
  • 6.61 Acres
  • $3.5M Price
  • 6.61 Acres

16429 Wise Street 2

GREAT INCOME PROPERTY FOR SALE WITH HIGH DAILY TRAFFIC COUNTS. THE 2017 VDOT TRAFFIC COUNT FOR U.S. 58-A AT THE WISE/RUSSELL COUNTY LINE IS 11,000 FOR AUTOMOBILES AND 12,000 PER DAY FOR ALL VEHICLES. THE RIVERSIDE SHOPPING CENTER IN ST. PAUL, VA, ADJACENT TO U.S. HWY. 58-A, IS BEING OFFERED FOR SALE. THIS CENTER IS FULLY OCCUPIED AND HAS AN 8% CAP RATE, LESS AN ATTACHED OUT-PARCEL NEXT TO THE HUDDLE HOUSE LOCATION. TENANTS INCLUDE VARIETY WHOLESALERS (DBA ROSES), WALGREENS/RITE AIDE DRUGS, MOUNTAIN STATES HEALTH ALLIANCE (RIVERSIDE MEDICAL CLINIC), VIRGINIA ABC STORE, AND HUDDLE HOUSE. RENEWAL OPTIONS AND RENTAL INCREASES BUILT INTO AGREEMENTS. SOLID CASH FLOW AND INCOME PRODUCING OPPORTUNITIES. FOR MANY YEARS, ST. PAUL HAS SERVED THE FOUR COUNTY SURROUNDING AREA AS A CROSSROADS AND MARKET PLACE. RECENTLY, THE TOWN HAS BECOME A DESTINATION POINT FOR HIKING, BIKING, AND ATV TRAILS. OUTDOOR ENTHUSIASTS ARE ALSO ATTRACTED TO ENJOY THE NON-MOTORIZED SPORTS ON THE CLINCH RIVER - ONE OF NORTH AMERICA'S CLEANEST STREAMS. PLEASE CONTACT THE LISTING AGENT FOR MORE INFORMATION AND A SHOWING APPOINTMENT.

Essential Information

  • MLS® #405109
  • Price$3,495,000
  • Acres6.61
  • Year Built1988
  • TypeCommercial/Industrial
  • StatusActive

Community Information

  • Address16429 Wise Street 2
  • AreaRussel County
  • CityST. PAUL
  • CountyRUSSELL
  • StateVIRGINIA
  • Zip Code24283

Interior

  • HeatingHeat Pump
  • CoolingHeat Pump, Central
  • # of Stories1

Exterior

  • ExteriorBlock, Metal
  • Lot Description6.61 Acre
  • RoofRubber

Additional Information

  • Date ListedApril 13th, 2018
  • ZoningC-1

Listing Details

  • Listing Courtesy ofCALLEBS REALTY
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Listing Courtesy of CALLEBS REALTY.

Copyright 2019 Tennessee Virginia Regional MLS®. All rights reserved.

Information herein deemed reliable but not guaranteed September 17th, 2019 at 6:53am