Dream Home Realty LLC
Listed by Dream Home Realty LLC
$450,000
1607 Bland Street
Details
APN 341 & 342
Property Type Office, Retail
Sub Type Executive Office, Storefront
Square Footage 12,250
NOI $27,500
Year Built 1951
Zoning A1
Parking Spaces 25 spaces
Parking Per SqFt 2.04
Office | 12,250 SqFt
Marketing description
Income-producing commercial opportunity in Bluefield offering immediate cash flow with significant upside potential. This 12,000 sq ft multi-tenant building features several leased units already in place plus multiple offices available for lease, creating a clear path to increased revenue. Recent capital improvements include newly paved parking, updated flooring, and fresh paint throughout, along with several remodeled units that are ready for occupancy. The property also includes a full basement for additional storage or future use and two additional paved lots, a rare value-add for tenant parking and expansion. Positioned along a well-traveled corridor, this asset offers strong visibility and accessibility. Ideal for investors seeking a value-add opportunity with the ability to raise rents, lease vacant space, and increase overall returns.
Listing Contacts
Dream Home Realty LLC
Listed by Dream Home Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,500.00
$2,291.67/mo
Valuation Metrics
0
DSCR
6.11%
Cap Rate
6.11%
ROI
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