Marcus & Millichap is pleased to present a vacant, free-standing, former BB&T Bank located at 335 Front Street SE in Coeburn, VA 24230 (the “Property”). The Property improvements consist of approximately 6,812 square feet of gross building area and features a large surface parking lot with approximately 25 spaces. The Property is currently vacant and was previously owner-occupied by Truist Bank (BB&T). The Property offers potential owner users/investors the ability to acquire a free-standing retail bank building with significant value add through lease up at long term market rates (CoStar estimated retail rents of $13-14/SF NNN). The Property is strategically positioned on a ±0.58-acre (±25,278 SF) hard corner parcel across from Coeburn City Hall and is improved with a retail/office building with three (3) drive-thru lanes. This former bank is easily accessible via three points of ingress/egress along Front Street E (±3,392 VPD), 2nd Street NE with traffic counts of 2,314 VPD, and Centre Avenue NE. The Property is Zoned C-1, Community Business District, which offers favorable flexible zoning allowing for a variety of commercial and retail uses via adaptive reuse or repositioning.
Coeburn is located in Wise County in southwest Virginia along U.S.?Route?58 and nestled within the Appalachian foothills, offering regional access to the Interstate?81 corridor and the Tennessee-Virginia border. The Property is located within an attractive trade area of ±23,811 residents with an average household income (AHHI) of ±$53,214 within a 5-mile radius, reinforcing the site’s lasting appeal for both investors and owner/users.