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    1547 Armory Dr

    Franklin, VA 23851
    • $725,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 10399068
    $725,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,824
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2004

    School Ratings & Info

    Description

    Opportunities like this don't come along very often!!! Established business with a long term lease in place, immediate return on investment. Lease terms at current income genration rates would more than pay for the building!! Looking for a strong investment or maybe somewhere to investment from a 1031 exchange ... look no further! Roof was replaced in 2021, newer HVAC units in place. Current lease has tenant paying the real estate taxes as well as the majority of repairs & upkeep. Make your appointment to see this phenomenal commercial building today!

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    www.seasiderealtyva.com/homes/121060246
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    1547 Armory Dr Franklin, VA 23851

    • Price: $725,000
    • Status: Active
    • ID#: 10399068
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    1,824
    SQFT
    $397
    $/SQFT
    2004
    Built
    Neighborhood:
    All Others Area 67
    Area:
    67 - Franklin
    Property Description
    Opportunities like this don't come along very often!!! Established business with a long term lease in place, immediate return on investment. Lease terms at current income genration rates would more than pay for the building!! Looking for a strong investment or maybe somewhere to investment from a 1031 exchange ... look no further! Roof was replaced in 2021, newer HVAC units in place. Current lease has tenant paying the real estate taxes as well as the majority of repairs & upkeep. Make your appointment to see this phenomenal commercial building today!
    Exterior Features

    Construction Block Exterior Siding MasonryStucco Foundation Type Slab Garage YN No Location Faces FrontMajor Arteries Parking 1-25 Spcs Roof Poly Skin

    Interior Features

    Accessibility Level FlooringStepless Entrance Cooling Central Air Flooring Type Tile Heating Forced Hot AirGas

    Property Features

    Contingency Exists Non Contingent Disclosure None Features Display WindowLandscapedLightingPublic RestrmsRear EntranceSecurity Sys/Own Lease Type Multiple Master Model YN No Miscellaneous 220 V New Construction YN No Ownership Type Simple Possession Closing Tax Amount Approx 7400 Use Type Restaurant Utilities City SewerCity WaterElectricGasTelephone Avail Zoning B3

    Listing provided courtesy of Windell Francis Realty Inc.
    © 2021 REIN, Inc. Information Deemed Reliable But Not Guaranteed.
     
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    Seaside Realty
    1209 Independence Blvd
    Virginia Beach VA, 23455