16619 Broad ST Saint Paul, VA 24283
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $52
MLS Listing ID 10000327
HOA Y/N No
Total Fin. Sqft 10000
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions See acreage
Source Tennessee/Virginia Regional MLS
Property Description
The second level is fully occupied with 10 residential units, generating stable and consistent rental income from day one. Seven of the ten units have been renovated, and all ten are currently tenanted -- providing an investor with an immediate and reliable income stream upon closing.
The main level presents an extraordinary opportunity for the right investor or owner-user. Currently largely vacant, this expansive 5,000 square foot ground-floor commercial space is ready to be transformed into retail, office, restaurant, medical, or any number of income-producing uses.
Some capital improvements have already been completed, including a brand new roof, New exterior paint, and a new exterior awning. The exterior is in good condition and the building presents beautifully on Broad Street, one of Saint Paul's most visible commercial corridors. A dedicated parking lot is included, providing convenient access for both residential tenants and future commercial occupants -- a significant asset in a downtown setting.
Priced at $525,000, 16619 Broad Street represents an outstanding entry point into one of Southwest Virginia's most resilient small-town markets. Opportunities of this caliber -- with existing cash flow, a defined value-add path, and strong bones -- are rare. Schedule your private showing today!
Location
State VA
County Wise
Area 0.2
Zoning C2
Direction From Alt 58, turn onto 4th avenue. Right on Broad Street. Property on left
Interior
Heating Electric, Electric
Cooling Window Unit(s)
Equipment See Remarks
Heat Source Electric
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Other,See Remarks
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Structure Type Stone,Stucco
New Construction No
Others
Senior Community No
Tax ID 0042825 004826
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional