www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31739516
31739390

535 Cummings St, Abingdon, VA 24210

GP
VA VA 0225224327, TN TN 326486
TCI Group – Jerry Petzoldt Agency LLC
Listed by TCI Group – Jerry Petzoldt Agency LLC
$535,000
2957 days on market
Updated 9 days ago

Former Pizza Hut

Details
APN 105 6 26A
Property Type Hospitality, Land (+2)
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,419
Tenancy Single
Price per SqFt $221
Year Built 1977
Stories 1
Acreage 1.340
Investment Type Owner/User
Ground Lease No

GREAT INTERSTATE LOCATION - 2,419 sq ft former restaurant building on 1.3 acres off I-81 Exit 17

Marketing description

GREAT INTERSTATE LOCATION - NEW LOWER PRICE! TCI Group is pleased to present the opportunity to acquire a former Pizza Hut restaurant property ideally positioned directly off I-81 Exit 17 in Abingdon, Virginia, one of the region’s most active retail and tourism corridors.

The property consists of a 2,419 square foot freestanding restaurant building situated on approximately 1.3+ acres, offering excellent visibility, accessibility, and redevelopment flexibility.

This former QSR location includes existing kitchen infrastructure, dining area, outdoor patio space, and ample parking, providing a strong foundation for repositioning or reuse.

LOCATION ADVANTAGE

The property is located within Abingdon’s primary commercial and hospitality corridor, directly adjacent to:

    • The Meadows retail and sports complex
    • Food City
    • Pal's Sudden Service
    • Holiday Inn Express
    • Martha Washington Inn
    • Barter Theatre

The nearby sports complex includes:

    • Multiple baseball and softball fields
    • Soccer fields
    • Family recreation amenities

This area continues to experience increasing traffic, tourism activity, and retail demand, driven by regional attractions.

INVESTMENT HIGHLIGHTS

    • Prime interstate location (I-81 Exit 17)
    • Freestanding former QSR building
    • Large site with redevelopment flexibility
    • Existing restaurant infrastructure in place
    • Strong surrounding retail and tourism drivers
    • Reduced price: $535,000 (from $635,000)

REPOSITIONING OPPORTUNITY

This property is ideally suited for:

    • Quick-service or fast casual restaurant
    • Brewery or taproom concept
    • Sports-themed or family dining
    • Coffee / drive-thru conversion
    • Retail or service redevelopment

INVESTOR / USER TAKEAWAY

This is a rare opportunity to acquire a highly visible, signalized, interstate-adjacent site with existing improvements and strong redevelopment potential in one of Southwest Virginia’s most active commercial corridors, sitting directly off I-81 Exit 17 in Abingdon, VA. This former Pizza Hut includes kitchen equipment, furniture, and fixtures. Some of the equipment includes pizza ovens, fryers, walk in cooler, walk in freezer, dish washer, ice maker and more. An additional 700 sq ft of dining available with an attractive outdoor patio area. See property plat for site details.

Listing Contacts

GP
VA VA 0225224327, TN TN 326486
TCI Group – Jerry Petzoldt Agency LLC
Listed by TCI Group – Jerry Petzoldt Agency LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
B-2 CommercialGeneral CommercialGeneral Business
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 97 uses
View all 97 uses
Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Glenn Perkins
License
VA 0225224327
Brokerage Phone
4239565707
Brokerage Address
5 Redbush Court
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591