89 Pagan Ave - Distribution FOR SALE


Smithfield, VA 23430
$2,480,000 USD
757-237-7500
89 Pagan Ave, Smithfield, VA for Sale
$2,480,000 USD
Distribution - FOR SALE
1/10
null | Request Cap Rate

89 Pagan Ave
Smithfield, VA 23430


HIGHLIGHTS

  • Over five acres of stabilized and fenced industrial yard area.
  • Includes a high-bay transfer building with approximately 50-foot clear height.
  • Three roll-up bay doors support efficient warehouse operations.
  • Heavy-duty reinforced concrete floor designed for demanding industrial use.
  • Diesel fuel storage and built-in air compressor infrastructure are in place.
  • Convenient access to the James River Bridge and Hampton Roads market.

OVERVIEW

Originally developed by Bay Disposal as a waste transfer facility, this versatile industrial property features over 5 acres of stabilized yard area and infrastructure well suited for contractors, distributors, logistics operators, and other industrial users. Improvements include a modern flex warehouse with a 23’ clear height, an 11,000 SF high-bay, open-air steel transfer building with a 50' clear height, and a steel-reinforced concrete floor rated for loads up to 60,000 lbs. Formerly used to process and transfer waste, the building's heavy duty construction presents a unique adaptive-reuse opportunity. Combined with significant outdoor storage and expansion potential, the property offers exceptional utility for a wide range of industrial operations.

FOR SALE DETAILS

PRICE

$2,480,000 USD

PRICE/SF

$551 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

89 Pagan Ave, Smithfield, Virginia 23430

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

UTILITIES

-

CLEAR CEILING HT

23 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.7

LAND SF

204,516

ZONING

I-2

APN/PARCEL ID

21A-01-010A

ASK ABOUT THIS PROPERTY

Christopher ZarpasS.L. Nusbaum Realty Co.More Info
757-237-7500

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Christopher ZarpasS.L. Nusbaum Realty Co.More Info
757-237-7500

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