2109-2233 Wilborn Ave - Storefront FOR SALE


South Boston, VA 24592
$6,600,000 USD
513-387-0056
2109-2233 Wilborn Ave, South Boston, VA for Sale
$6,600,000 USD
Storefront - FOR SALE
1/15
null | 8.1% Cap Rate

2109-2233 Wilborn Ave
South Boston, VA 24592


HIGHLIGHTS

  • Belk Has Occupied for Over 20 Years | AVG Overall Historical Occupancy 13yrs.
  • Low Rents | AVG $5.41 Rent/SF | 7-Units or 40,572 SF of Vacancy Upside.
  • Mix of Long-Term Leases on Larger Spaces, Short-Term on Smaller Spaces.
  • Majority NNN Leases | Approx. 50% Expense Recapture Even With 23% Vacancy.

OVERVIEW

Discover the charm of South Boston, VA, a thriving town with a rich history and promising future. Situated in a picturesque setting, the area offers a blend of small-town allure and modern amenities. Nestled near the property, you'll find delightful shops, local eateries, and cultural attractions, providing a vibrant backdrop for potential Office / Office Building investors. With easy access to major roadways and a welcoming community spirit, the location presents an enticing opportunity for those seeking a strategic commercial investment. Embrace the dynamic potential of this burgeoning area, where the appeal of Southern hospitality meets the allure of entrepreneurial success.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$38 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hupps Mill Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

1051

LAND DETAILS

CROSS STREETS

Wilborn Ave & Cavalier Blvd

LAND ACRES

17.33 AC

LAND SF

754,895 SF

ZONING

-

APN/PARCEL ID

234

ASK ABOUT THIS PROPERTY

Chris KinnardLee & AssociatesMore Info
513-387-0056

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Chris KinnardLee & AssociatesMore Info
513-387-0056

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.