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Investment Opportunity In Downtown Galax, Va

$ 357,200
201 S. Main Street, ,
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Excellent Investment Opportunity in Downtown Galax, Virginia. Beautiful masonry building with 11,154 total square feet. 3718 square feet of retail space on street level.4 studio apartments and one 1 bedroom apartment with laundry room on upper level totaling 3718 square feet. Space on lower level has a total of 3718 square feet and was formerly used as space for a restaurant. This building has been renovated by the current owners with these improvements: All new electrical and plumbing, new sprinkler system 5 completely new apartments with custom cabinetry, separate electric meters, new central heating and air system and new roof. This building looks great and is located in a premium corner location on Main St. This is the best building in downtown Galax without a doubt. Apartments and retail space are at full occupancy.
Galax is located in Grayson County Virginia which has become a favorite recreational destination in the Blue Ridge Mountains featuring the New River and New River Trail, Virginia Creeper Trail, Jefferson National Forest and Grayson Highlands Park. If you are looking for a beautiful retail space with great street exposure, large windows and hardwood floors, this is a perfect spot. Or if you want to open a restaurant, this building's lower level has a facility for that too. New or existing business or just a good sound investment, this is a super deal. Assumable VHDA financing with a 4% interest rate is available with credit check, easy to assume at very little cost. A 2008 appraisal and environmental site assessment are on file. Some information gathered from tax records, please verify independently. B2 Zoning. All reasonable offers will be considered.

Diverse Rental Income
Property Has Been Renovated
Great Traffic Flow
Operating With Positive Roi
Separate Utility Meters
Retail, Restaurant, Apartments
Investment Opportunity
Premium Corner Location

Address: 201 S. Main Street
Zip: 24333
Country: United States
Property Id : 434835
Price: $ 357,200
Listing #: 45010-54285
Lot Size (AC): 0.90000
Property Building Size (SF): 0
Office ID: 4527

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