1903 Lovers Gap -

$499,900, 16,450 Sqft

About This Property

Excellent Investment Portfolio with an immediate 12+% ROI, and with the final office space rented, will bring as much as a 17+% ROI. This property consists of 4 structures. Structure #1 is a free standing commercial building, currently rented by the US Post Office for over 30 yrs, and renew with long term contracts. Structure #2 is an 8,000 SqFt free standing commercial building with 4 office spaces consisting of 2000 SqFt each. Three of these office spaces are rented, and renew with long term contracts. Structures #3 & #4 are single family dwellings that have been rented by the same tenants for decades. Both residential structures can also be utilized as commercial offices if desired. Both commercial structures are GSA (Government Services Approved), and automatically renew every year. Each structure has been remodeled, has new metal roofs, HVACS, and so much more. All details, including the 2018 P&L are on file. Call listing agent for appointment.

Essential Information

MLS® #424238
Price$499,900
Square Footage16,450
Acres0.00
Year Built1985
TypeCommercial
StatusActive

Community Information

Address1903 Lovers Gap -
Area500 - Abingdon
CityVansant
CountyBuchanan
StateVIRGINIA
Zip Code24656

Amenities

WaterfrontPublic

Interior

# of Stories1

Exterior

Lot DescriptionN/A
RoofMetal

Additional Information

Date ListedJuly 10th, 2019
Days on Market127
ZoningComm-MF-Res
HOA Fees0.00

Listing Details

Listing Courtesy ofKW JOHNSON CITY

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Copyright 2019 Tennessee Virginia Regional MLS®. All rights reserved.

Information herein deemed reliable but not guaranteed November 15th, 2019 at 5:15am

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