Collins and Associates of Independence, Virginia, licensed in Virginia and North Carolina, specializes in representing Blue Ridge Mountain properties in Grayson and Carroll counties in Virginia and Ashe and Allegany Counties in North Carolina.
Call or come see us to view premier mountain view real estate, mountain vacation homes and cabins, farms, recreational/ hunting properties and varied waterfront offerings in the New River Valley, Grayson Highlands and Northwest North Carolina.
Grayson County lies just north of the North Carolina state line in the region known as Southwest Virginia. The western end of the county includes the Grayson Highlands of Mt. Rogers and White Top mountain. In the east is located the city of Galax, home to the world renound Galax Fiddler's Convention. Grayson County is within 2 hours drive of Charlotte, N.C., 1 1/2 hours of Winston-Salem, N.C. and also Virginia Tech in Blacksburg, VA. Bristol, TN is 70 miles to the west. Grayson County is accessible from both I-81 and I-77 and the Blue Ridge Parkway.
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Grayson County Virginia's Premier Blue Ridge Mountain Real Estate Specialists. View our listings of mountain homes, log homes and cabins, farms, ranches and land for sale. Let us help you find your mountain getaway. |
| Collins and Associates, 110 Courthouse Ave., Independence, VA, 24348, (276) 773-2522, Fax (276) 773-2571 |
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Actions: Request Info | Print Listing | Convert to PDF | Add To Favorites | Find On The Map | Mail To A Friend |
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Great Investment Opportunity in Galax Virginia
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Description:
Beautiful masonry building with 3718 square feet of retail space on street level.
5 studio apartments with laundry room on upper level with 3718 total square feet.
Restaurant on lower level with 3718 total square feet.
This building has been recently 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
New Roof
This building looks great and is in a great corner location on Main St. This is the best building in downtown Galax without a doubt. Apartments are currently at full occupancy.
Downtown Galax is home to several music festivals including the Galax
Fiddlers Convention. It is also home to Chestnut Creek School of the Arts and the Rex Theater. There is always something going on with lots of foot traffic.
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. If you want to open a restaurant, this buildings lower level has a facility for that too. New or existing business or just a good sound investment, this is a super deal. A 2008 appraisal and environmental site assessment are on file. This property currently has a positive ROI with the potential for more income with the restaurant space. All apartments are currenly leased as well as retail space. All have anual leases.There is also an assumable 4% VHDA loan.
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| Price: |
$ 509,000 |
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| Property Type: |
Commercial |
| Location: |
Galax, Virginia |
| Lot Size (acres or dim.): |
.086 |
| County: |
Grayson |
| District: |
Galax |
| Zoning: |
Multi-use |
| Annual Dues: |
$ |
| Annual Taxes: |
$ 983.00 |
| Sewer: |
Municipal |
| Water: |
Municipal |
| Road Access: |
Paved |
| Road Maintenence: |
State |
| Road Frontage: |
Yes |
| Views: |
N/A |
| Terrain: |
Level |
| Water on Property: |
N/A |
| Restrictions: |
N/A |
| Right of Way: |
N/A |
| Additional Out Buildings: |
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| House Style: |
N/A |
| Year Built: |
1947 |
| Construction: |
Frame |
| Exterior: |
Other |
| Bedrooms: |
5 |
| Bathrooms: |
7 |
| Size (heated sq. ft.): |
11154 |
| Dining Room: |
No |
| Kitchen: |
No |
| Basement: |
Full |
| Basement Finish: |
Full |
| Garage: |
None |
| Garage Cars: |
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| Heating / Cooling: |
Central Electric |
| Appliances Included: |
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Actions: Request Info | Print Listing | Convert to PDF | Add To Favorites | Find On The Map | Mail To A Friend |
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Listing Date: 07-20-2010 |
Last Update: 08-04-2010
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 Great Investment Opportunity in Galax Virginia:
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Retail space:
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Retail space:
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Retail space:
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Retail space:
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Public restrooms and water fountains:
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Office:
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Loft apartment:
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Loft appartment:
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Laundry room:
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Stairwell to 5 apartments:
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Front of building:
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Front of building:
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Street shot:
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All information on this site is believed to be true but not warranted.
Collins and Associates is a real estate licensee in the Commonwealth of Virginia.
