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Abingdon Cold Storage Warehouse 26609 Newbanks Rd 34,000 SF Industrial Building Abingdon, VA 24210 $2,100,000 ($61.76/SF)
Investment Highlights
- PRICING $2,100,000
- LOT SIZE 2.98 acres
- BUILDING SF ± 34,000 SF
- YEAR BUILT 2000
Executive Summary
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.
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.
Property Facts
Amenities
- Cooler
- Fenced Lot
- Freezer (Space)
- Security System
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
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Property Taxes
| Parcel Number | 086-3-3F | Improvements Assessment | $903,600 |
| Land Assessment | $90,000 | Total Assessment | $993,600 |
Property Taxes
Parcel Number
086-3-3F
Land Assessment
$90,000
Improvements Assessment
$903,600
Total Assessment
$993,600
Contacts
-
James Watkins -
Tony Anderson -
Richard Brehaut -
Douglas Tice -
Jason Hetherington, SIOR -
Nate Barnes -
Kent Presson -
CBRE
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Photos
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Map
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Abingdon Cold Storage Warehouse | 26609 Newbanks Rd
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