VA > Marion
Marion, VA 243554,1046 Terrace Drive
Marion, VA 243554,1046 Terrace Drive
Marion, VA 243554,1046 Terrace Drive
Marion, VA 243554,1046 Terrace Drive
Marion, VA 243554,1046 Terrace Drive
Marion, VA 243554,1046 Terrace Drive
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Canaan Heath

Canaan Heath

+1(276) 492-4662
$ 950,000

8,250 SqFt

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$ 950,000
Save Virtual Tour

8,250 SqFt

Key Details

Property Type Commercial

Sub Type Multi Use Building

Listing Status Active

Purchase Type For Rent

Square Footage 8,250 sqft

MLS Listing ID 94332

Tax Year 2024

Lot Dimensions .69

Property Description

Welcome to 1046 Terrace Drive Student Suites & Business Rental Investment Property....Tour this facility that features 8250 sq.ft. of updated & well maintained, established rentals. Main level consists of rentals w/2 year lease terms, currently at full capacity, & include 4 suites housing 2 students each. Each student has a spacious en suite with private bath, closet, study desk area & enough room for a queen size bedroom suite. Shared common area is kitchen/living/dining. All suites have granite countertops, tub/shower enclosures & pantry storage. Internet and all utilities are included in rent. Coin operated laundry area open to all residents. Mail boxes onsite. One Handicap Unit. 8 rentals at $800/mo. Lower level is leased for $2100/mo as a health care office unit. It contains multiple offices & storage, 2 half baths & 2 kitchenettes. This investment will begin as a profit & pay for itself from the start. 48 hour appt to show. Prospects must be preapproved before viewing.

Location

State VA

County Marion

Area Smyth

Zoning R3

Direction Exit 47 of I-81, south on Lee Highway off interstate. Right onto Park Blvd, right onto Terrace Drive. Property on right.

Interior

Interior Features Other-See Remarks

Heating Central Heat Pump

Cooling Central Air, Heat Pump

Flooring Tile, Vinyl

Heat Source Central Heat Pump

Exterior

Exterior Feature Brick

Garage Other

Utilities Available Cable Available, Electricity Connected, Phone Available

Amenities Available Professional/Office, Other

Roof Type Other

Road Frontage 200

Building

Building Description Brick, Brick

Faces Exit 47 of I-81, south on Lee Highway off interstate. Right onto Park Blvd, right onto Terrace Drive. Property on right.

Sewer Public Sewer

Water Public

Structure Type Brick

Listed by Appalachian Realty Co.
agent-avatar

+1(276) 492-4662

canaan@realtorcanaan.com

713 Volunteer Parkway, Suite 1, Bristol, TN, 37620

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1046 Terrace Drive