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Investment Highlights

  • Corner downtown lot with property-owned parking lot
  • retail, office, light industrial, indoor storage facility, deli/cafe--opportunities are endless
  • Retial/Public space in front and warehouse space in back with industrial shelving

Executive Summary

COMMERCIAL BUILDING IN DOWNTOWN NORTON, VA. This versatile building is currently operating as a well-established home decorating/home improvement store, offering a prime opportunity for entrepreneurs or businesses looking for an expansive space in the heart of downtown Norton, VA. Situated on a corner lot, the property offers excellent visibility and accessibility. A bright and spacious showroom, perfect for retail or display purposes, featuring a sleek glass-tiled front desk and a private office space, provides a professional and inviting atmosphere. The back of the building offers a substantial warehouse area with industrial metal shelving, ideal for storage, inventory, or any number of business operations requiring expansive, organized space. The property offers ample parking with on-street options both in front and behind the building, plus a dedicated private parking lot to accommodate customers and staff. This business is situated in a prime location on a corner lot in downtown Norton, providing high visibility and foot traffic in a growing community-perfectly suited for a variety of uses, from retail and office space to storage or light industrial operations, an indoor storage facility or even could even be remodeled into a small deli/cafe in the front and rent out the back space to a separate business. Whether you are looking to continue the current business or establish one (or two) of your own, this location offers great potential for growth. Located within an hour of Tri-Cities, TN—Kingsport, Bristol, and Johnson City. One hour from Tri-Cities Regional Airport. Don't miss this opportunity to own commercial property in downtown Norton, VA. Located within the city's Enterprise and Opportunity zones. https://www.city-data.com/city/Norton-Virginia.html. Contact your favorite agent to schedule a tour and explore all that this property has to offer! Buyers and Buyers' agents to verify information contained in this listing. Subject to Errors & Ommissions.

Property Facts Under Contract

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,828 SF
Building Class
C
Year Built
2000
Price
$375,000
Price Per SF
$64.34
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
B-2 - Commercial/Multi-Use, Enterprise Zone, Opportunity Zone
Parking
6 Spaces (1.02 Spaces per 1,000 SF Leased)
Frontage
100’ on Park Avenue

Amenities

  • 24 Hour Access
  • Corner Lot
  • Signage
  • Signalized Intersection
  • Wheelchair Accessible
  • Air Conditioning

Property Taxes

Property Taxes

Parcel Number
232N-1731
Land Assessment
$85,100
Improvements Assessment
$177,000
Total Assessment
$262,100
  • Listing ID: 35506285

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 629 Park NW ave, Norton, VA 24273

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