26609 Newbanks Rd - Refrigeration Cold Storage FOR SALE


Abingdon, VA 24210
$2,100,000 USD
661-904-9401
26609 Newbanks Rd, Abingdon, VA for Sale
$2,100,000 USD
Refrigeration Cold Storage - FOR SALE
1/24
null | Request Cap Rate

26609 Newbanks Rd
Abingdon, VA 24210


HIGHLIGHTS

  • PRICING $2,100,000
  • BUILDING SF ± 34,000 SF
  • LOT SIZE 2.98 acres
  • YEAR BUILT 2000

OVERVIEW

HEAVY FREIGHT AND LOGISTICS HUB Situated less than 1-mile from Interstate 81 (which sees over 44,300 vehicles per day) the property benefits from being geographically central to the Eastern markets. MULTIPLE USE WAREHOUSE The Subject Property was a former fully frozen warehouse. With the insulation and flooring in place to sustain sub 0 temperature ranges, the building can easily be converted to a refrigerated/frozen warehouse again. New Freon refrigeration can be installed at the close of escrow, providing a below replacement cost cold storage warehouse. DYNAMIC MULTI MARKET LOCATION Abington is Included in the Kingsport-Bristol (TN)- Bristol (VA) Metropolitan Statistical Area Which is Home to 309,544 Residents. WORKFORCE GROWTH FOCUSED MARKET A new 87,000 sq ft Regional Workforce and Child Development Hub was announced in 2024 by The Innovate Fund (TIF) with a $5.5M investment to further support EO Companies, a Virginia-based 501c3 non-profit organization with a mission to research, pilot, and scale innovative solutions so that communities are thriving and people are well. EO has a 60-year history of developing innovative programs, including the Regional Workforce and Child Development Hub, the Rural Summit, and Ignite Career Commons. EO challenges the status quo and brings positive change to local economies by working with private, public, and philanthropic partner.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Abingdon Cold Storage Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

ADD'L SUBTYPES

undefined, Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

Lighting - Metal Halide, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

30 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

15

LAND DETAILS

LAND ACRES

2.98

LAND SF

129,809

ZONING

M-1

APN/PARCEL ID

086-3-3F

ASK ABOUT THIS PROPERTY

661-904-9401

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661-904-9401

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