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Listed by BRITTANY LEIGH BARLOW FIRST CHOICE REAL ESTATE LLC - HARDY
$390,000
Est. payment /mo
Active
4405 Timber Line RD Ferrum, VA 24088
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 914698
HOA Y/N No
Year Built 1938
Annual Tax Amount $1,537
Acres 0.39
Property Sub-Type Commercial
Source Roanoke Valley Association of REALTORS®
Property Description
Seize this incredible business opportunity with a prime commercial property offering multiple income streams in one of Virginia's most picturesque regions. Ideally situated within walking distance of Ferrum College, which spans 700 scenic acres in the Blue Ridge Mountains, this property is a prime location for a restaurant, catering business, office, retail shop, or more. Adding to its appeal, the property is near Smith Mountain Lake, a popular tourist destination, providing even more potential to attract visitors and boost revenue.This versatile investment includes five rental apartments—most of which are currently occupied—ensuring consistent income, plus two commercial spaces with endless possibilities. Previously home to the thriving Paradise Grill, this space is well-suited for a successful restaurant or other business ventures. Don't miss out on this rare opportunity to invest in a high-traffic location with strong income potential! All residential units are currently rented. Contact LA for NOI/Expenses.
Location
State VA
County Franklin County
Area 0.39
Direction From Rocky Mount, 40W to Ferrum, Left at Fieldcrest Rd, cross RR tracks, R on Timberline to building on L
Interior
Heating Electric
Cooling Other - See Remarks, Electric
Fireplace No
Exterior
Parking Features On Site
Garage No
Building
Sewer Private Sewer
New Construction No
Others
Tax ID 4010005600
Nearby Locations
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