2465 Grayson Turnpike, Wytheville, VA 24382
sale
$285,500
|
Other
Courtesy Of Four Seasons of Southwest Virginia, Inc.
Turnkey storage unit operation with a four-bay garage and additional acreage offering significant income potential in Wytheville, VA. The property generates revenue from multiple sources, including storage units, single-wide lot rent, and the potential to lease the garage, with ample land available for future expansion. Currently producing approximately $16,000 annually, the property has the potential to generate up to $36,500 per year, reflecting a favorable cap rate. Conveniently located just south of Wytheville along a major thoroughfare, this property presents a strong value-add opportunity with modest improvements. Priced at recent appraisal value and offered for the first time, this is a compelling investment with substantial upside.
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Masonry
- Exterior Type: Metal Siding
- Exterior Type: Block
- Exterior Type: Steel Frame
- Floor Covering: Concrete
- Heating System: Oil
- Heating System: Space Heater
- MLSID: 106028
- Parking Spaces: 25
- Roof Type: Metal
- Roof Type: Rubber
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