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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23891825
23891830

1929 Apperson Dr, Salem, VA 24153

GH
VA 0225233452
Hall Associates
TT
VA 0225002906
Hall Associates
Listed by Hall Associates
$624,950
360 days on market
Updated 26 days ago

Blue Ridge Hydroponics - Investment Sale

Details
APN 279-1-1
Property Type Retail, Special Purpose
Sub Type Storefront
Square Footage 6,143
Units 1
Tenancy Single
Lease Type NN
Lease Term 5
Lease Expiration 03/31/2029
Remaining Term 4
Broker Co-Op Yes
Class B
Year Built 1954
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.870
Zoning HBD
Investment Type Stabilized
Lease Commencement 04/01/2024
Loading Docks 1

Retail | 6,143 SqFt

Marketing description

Investment property for sale. It is strategically located along the main corridor linking Salem and Roanoke. This premier property offers great exposure and accessibility. The building is comprised of approximately 6,143 square feet situated on roughly 0.87 acre. It has over 400 feet of road frontage and a daily traffic flow exceeding 21,000+ vehicles. Improvements made by the current owner include a new roof, fresh exterior paint, and cosmetic upgrades; which have enhanced the property's appeal. The sole occupying tenant, Blue Ridge Hydroponics, is a locally owned small business dedicated to educating the community and consumers on growing techniques to foster independence and sustainability. The tenant is in it's first year of a five-year lease which has annual rent escalations. The investment ensures easy management and stable returns.

Listing Contacts

GH
VA 0225233452
Hall Associates
TT
VA 0225002906
Hall Associates
Listed by Hall Associates

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Additional Information

Name
Gavin Hollingsworth
License
0225233452
Brokerage Phone
5409820011
Brokerage Address
2800 Keagy Road
Name
Thomas Turner
License
0225002906
Brokerage
Hall Associates, Inc.
Brokerage Phone
540-857-5858
Title
Senior Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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