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181 Plaza Rd

34,622 SF 100% Leased Retail Building Wise, VA 24293 £1,823,109 (£53/SF) 7% Net Initial Yield

Investment Highlights

  • In Wise's main retail corridor with national retailers.
  • Great visibility from Hwy 23.
  • Located adjacent to a 147,000sf retail center.

Attachments

Tractor Supply EZ Rentals OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
34,622 SF
Building Class
C
Year Built/Renovated
1982/2021
Price
£1,823,109
Price Per SF
£53
Net Initial Yield
7%
NOI
£127,618
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.26
Lot Size
3.08 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
Commercial
Parking
273 Spaces
Frontage
346 ft on Southmark Road Southwest

Amenities

  • Signage
  • Air Conditioning
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Nearby Major Retailers

Rent-A-Center
Huddle House
Starbucks
Food City
Applebee's
First Bank and Trust Company

PROPERTY TAXES

Parcel Numbers
Multiple
  • R032263
  • R043376
 Improvements Assessment £1,886,252
Land Assessment £458,437 Total Assessment £2,344,690

PROPERTY TAXES

Parcel Numbers
Multiple
  • R032263
  • R043376
Land Assessment
£458,437
Improvements Assessment
£1,886,252
Total Assessment
£2,344,690
(706) 854-6731

Contact

  • Listing ID: 31004426

  • Date on Market: 20/02/2024

  • Last Updated:

  • Address: 181 Plaza Rd, Wise, VA 24293

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Screenshot 2024-02-20 092740

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© 2024 CoStar Group

181 Plaza Rd
(706) 854-6731 x

181 Plaza Rd

David Rivers

(706) 854-6731

(706) 854-6731

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