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$ 390,000
Est. payment /mo
Active
4405 Timber Line RD Ferrum, VA 24088
5,144 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type Commercial Lease
Square Footage 5,144 sqft
Price per Sqft $75
Municipality From Rocky Mount, 40W to Ferrum, Left at Fieldcrest Rd, cross RR tracks, R on Timberline to building on L
MLS Listing ID 914698
Year Built 1938
Annual Tax Amount $2,147,483,647
Lot Size 0.390 Acres
Property Sub-Type Investment
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
Location
State VA
County Franklin County
Direction From Rocky Mount, 40W to Ferrum, Left at Fieldcrest Rd, cross RR tracks, R on Timberline to building on L
Interior
Heating Electric
Exterior
Garage Spaces 9.0
Others
Acceptable Financing YES
Listing Terms YES
Listed by FIRST CHOICE REAL ESTATE LLC - HARDY
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