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ISON furniture mfg 3872 Martin Dr 75,600 SF Industrial Building Axton, VA 24054 $2,995,000 ($39.62/SF)
Executive Summary
VERY DESIRABLE MANUFACTURING FACILITY, ONE LEVEL, AMPLE WORKFORCE, 750 KVA POWER, 6 DOCKS
Financial Summary (Pro Forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$261,000
|
$3.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$261,000
|
$3.45
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $261,000 |
| Annual Per SF | $3.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $261,000 |
| Annual Per SF | $3.45 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,995,000 | Rentable Building Area | 75,600 SF |
| Price Per SF | $39.62 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built/Renovated | 1975/2006 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 23’ |
| Building Class | A | No. Dock-High Doors/Loading | 5 |
| Lot Size | 23.61 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-1 - Industrial | ||
| Price | $2,995,000 |
| Price Per SF | $39.62 |
| Sale Type | Investment or Owner User |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 23.61 AC |
| Rentable Building Area | 75,600 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1975/2006 |
| Tenancy | Single |
| Parking Ratio | 0.3/1,000 SF |
| Clear Ceiling Height | 23’ |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M-1 - Industrial |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Approximately 10 miles to Martinsville & 1 hour to Greensboro.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 20,500-75,600 SF | Industrial | Shell Space | Now |
1st Floor
| Size |
| 20,500-75,600 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 20,500-75,600 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
Approximately 10 miles to Martinsville & 1 hour to Greensboro.
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Property Taxes
| Parcel Number | 1349-07-9629 | Improvements Assessment | $763,700 (2025) |
| Land Assessment | $58,000 (2025) | Total Assessment | $821,700 (2025) |
Property Taxes
Parcel Number
1349-07-9629
Land Assessment
$58,000 (2025)
Improvements Assessment
$763,700 (2025)
Total Assessment
$821,700 (2025)
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ISON furniture mfg | 3872 Martin Dr
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