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525 7th St 8,525 SF 88% Leased Office Building Altavista, VA 24517 $449,900 ($52.77/SF) 1.54% Cap Rate
Investment Highlights
- A High-Yield Opportunity in the Heart of Altavista!
- Ample parking.
- Recent Upgrades (2025)
- Located in the Downtown Revitalization Overlay District.
- Located in a thriving location!
Executive Summary
Prime investment opportunity in downtown Altavista! Zoned C-2 and in the Downtown Revitalization Overlay District, this multi-parcel property features updated office space, well-maintained residential units at 525 7th St. (2 residential units), 529 7th St. (1 commercial unit), and 616 Campbell Ave. (2 commercial units). This property has recent upgrades (2025), ample parking and is in a thriving location, poised for strong returns. Act now to secure your investment! Realtors: see attached documents for additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,525 SF
Building Class
B
Year Built
1937
Price
$449,900
Price Per SF
$52.77
Cap Rate
1.54%
NOI
$6,950
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,263 SF
Building FAR
0.35
Lot Size
0.56 AC
Zoning
C-2, DRO - C-2, DRO (Downtown Revitalization Overlay District).
(Legal Description: LOTS 36-42 BLOCK 15).
Amenities
- Wheelchair Accessible
- Air Conditioning
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $195,000 | |
| Land Assessment | $112,000 | Total Assessment | $307,000 |
Property Taxes
Parcel Numbers
Land Assessment
$112,000
Improvements Assessment
$195,000
Total Assessment
$307,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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525 7th St
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