
Cahill Insurance Agency
Historic Stone Building with 6 units for rent in Uptown Martinsville, VA
Marketing description
If you are looking for a prime business investment in Martinsville, this may be the perfect property for you. The building, located on the corner of Main and Walnut Streets in the Martinsville Historic District, is one of the most beautiful stone structures in the uptown area. A photo of it is displayed on the National Register of Historic Places. It was the first bank building in the county and is across from the original courthouse square. There are 3 suites on the main floor with long-term tenants. All suites have over-sized Palladian windows, allowing an abundance of natural light. Suite A, consisting of 2 rooms and an updated half bath, is currently occupied as a hair salon and owners have installed auxiliary cooling due to hair dryers. Suites B and C are currently rented by a Wellness Center. Suite B has high ceilings, the original bank vault being used for storage by tenant, an updated ½ bath, and a mezzanine which could house more office space. There is a separate storage area upstairs as well. Suite C is a private office with an updated full bath. These 2 suites could be rented separately as Suite C has its own private entrance as well as an interior door which can be closed, separating Suite B from Suite C. The upper level, with a separate exterior entrance, houses 3 suites which share 2 updated half baths. The staircase has 2 Palladian windows which enhance the beautiful exposed brick. The hallway has 2 chandeliers and a skylight which illuminates the area. Suite D is a 1 room suite that has built-in, floor to ceiling bookcases with adjustable shelving. Suite E is a 2 room suite with built-in bookcases and carpeting. It is currently rented by a tenant with a 1-year lease. Suite F consists of 3 large rooms, 1 of which could be used as a reception area and the other 2 as private offices. All 3 rooms have built-in shelving and cabinets, custom drapes, and an amazing view of the original courthouse square. The largest room has 2 lighted wall sconces. If your investor is interested, owners can share rent rolls.
Investment highlights
Bottom units fully leased; 1 unit leased on 2nd floor
2 units available on 2nd floor for lease
units are located near center of Martinsville, easy walking to all shopping, city hall or restaurants
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