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1571-1587 N Main St
Marion, VA 24354
Marion Plaza w/ Developable Pad · Retail Property For Sale
Investment Highlights
- Anchor-Tenant Stability – 96% occupied retail center featuring Tractor Supply Co., Ollie’s Bargain Outlet, and Dollar Tree
- Attractive Optional Assumable Debt – Below-market 5.7982% fixed interest rate available for assumption, with 3.3 years remaining and a 55.5% LTV
- Recent Capital Improvements – Upgrades to parking lot, HVAC systems, and exterior painting, with 7 years remaining on Ollie’s roof warranty
- Recent Lease Extensions (WALT of 5.4 Years) – Long-term renewals executed by Tractor Supply, Ollie’s, Dollar Tree, USGS, and the Virginia DMV4
- Prime Location & Visibility – Direct frontage on Lee Highway (US-11) and visibility from Interstate 81 (30,000 VPD), adjacent to Walmart Supercenter
- Regional Economic Stability – Marion serves as the county seat and commercial center for Smyth County, with employment from healthcare, government
Property Facts
Property Type
Retail
Property Subtype
Building Size
121,706 SF
Building Class
B
Year Built/Renovated
1971/2017
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
12.27 AC
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,689,900 | |
| Land Assessment | $1,189,900 | Total Assessment | $5,879,800 |
Property Taxes
Parcel Numbers
Land Assessment
$1,189,900
Improvements Assessment
$4,689,900
Total Assessment
$5,879,800
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