6.61 Acres in Russell County

16429 WISE STREET Saint Paul VA 24283  |  Russell County, VA
  • $3,495,000
  • 6.61 acres

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Listing Status: Active
Listing Type: Sale
Property Type(s):
MLS ID: TVARMLS
Irrigated: No
Residence: No
Property ID: 7767151
Property Website

Property Description

GREAT INCOME PROPERTY FOR SALE WITH HIGH DAILY TRAFFIC COUNTS. THE 2017 VDOT TRAFFIC COUNT FOR U.S. 58-A AT THE WISE/RUSSELL COUNTY LINE IS 11,000 FOR AUTOMOBILES AND 12,000 PER DAY FOR ALL VEHICLES. THE RIVERSIDE SHOPPING CENTER IN ST. PAUL, VA, ADJACENT TO U.S. HWY. 58-A, IS BEING OFFERED FOR SALE. THIS CENTER IS FULLY OCCUPIED AND HAS AN 8% CAP RATE, LESS AN ATTACHED OUT-PARCEL NEXT TO THE HUDDLE HOUSE LOCATION. TENANTS INCLUDE VARIETY WHOLESALERS (DBA ROSES), WALGREENS/RITE AIDE DRUGS, MOUNTAIN STATES HEALTH ALLIANCE (RIVERSIDE MEDICAL CLINIC), VIRGINIA ABC STORE, AND HUDDLE HOUSE. RENEWAL OPTIONS AND RENTAL INCREASES BUILT INTO AGREEMENTS. SOLID CASH FLOW AND INCOME PRODUCING OPPORTUNITIES. FOR MANY YEARS, ST. PAUL HAS SERVED THE FOUR COUNTY SURROUNDING AREA AS A CROSSROADS AND MARKET PLACE. RECENTLY, THE TOWN HAS BECOME A DESTINATION POINT FOR HIKING, BIKING, AND ATV TRAILS. OUTDOOR ENTHUSIASTS ARE ALSO ATTRACTED TO ENJOY THE NON-MOTORIZED SPORTS ON THE CLINCH RIVER - ONE OF NORTH AMERICA'S CLEANEST STREAMS. PLEASE CONTACT THE LISTING AGENT FOR MORE INFORMATION AND A SHOWING APPOINTMENT.

Property Map


Driving Directions

FROM THE INTERSECTION OF U.S. 58-A AND SR 72 IN CASTLEWOOD, VA TAKE U.S. 58-A WEST (3 MILES) TO THE WISE/RUSSELL COUNTY LINE AT ST. PAUL AND TURN RIGHT ONTO WISE STREET. GO (.1 MILE), SHOOPIN CENTER ENTRANCE IS ON THE LEFT.

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Fred McClellan

CALLEBS REALTY

(276) 628-2583 (work)

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Contact Seller

Fred McClellan

CALLEBS REALTY

(276) 628-2583 (work)

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