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121 NW Russell Rd 2,400 SF Vacant Office Building Abingdon, VA 24210 $275,000 ($114.58/SF) 3.09% Cap Rate
EXECUTIVE SUMMARY
Discover this exceptional commercial property located on highly visible Russell Road in the heart of Abingdon, Virginia. Boasting 50 feet of road frontage, this site offers excellent exposure and accessibility for businesses and customers alike. Two established tenants currently occupying the building. Strategic location with steady traffic and close proximity to downtown Abingdon. Ideal for investors seeking stable cash flow or future redevelopment potential. Whether you're expanding your portfolio or seeking a turnkey investment, this property delivers consistent income and long-term value in one of Southwest Virginia’s most charming and business-friendly communities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,400 SF
Building Class
C
Year Built
1956
Price
$275,000
Price Per SF
$114.58
Cap Rate
3.09%
NOI
$8,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,400 SF
Building FAR
0.50
Lot Size
0.11 AC
Zoning
C - zoned for commercial use
Parking
8 Spaces (3.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Public Administration
- -
- -
- -
Tim Kaine has helped people throughout his life as a missionary, civil rights lawyer, teacher, and elected official. He is one of a few dozen people in American history to have served as a Mayor, Governor and United States Senator.
- US Citizens
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Public Administration | - | - | - | ||
| US Citizens | Finance and Insurance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,500 SF | Office | - | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,500 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1 1
PROPERTY TAXES
| Parcel Number | 011-1-77 | Improvements Assessment | $181,400 |
| Land Assessment | $60,000 | Total Assessment | $241,400 |
PROPERTY TAXES
Parcel Number
011-1-77
Land Assessment
$60,000
Improvements Assessment
$181,400
Total Assessment
$241,400
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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121 NW Russell Rd
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