Steel Fab

Industrial for Sale
Catylist Listing ID: 29543014
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution, Other
Building Size (RSF): 86,636 SF
Gross Land Area: 8.17 Acres
Sale Price: $1,475,000
Unit Price: $17.03 PSF
Ceiling: 24 ft. / 22 ft. Clear
Docks/Doors: 4 Docks, 5 Doors
Office SF: 5,000 SF
Drive In Bays: 4 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: former Steel Fab
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/18/2017

Overview / Comments

The former Steel Fab facility is now available as a fabrication/manufacturing facility in the Abingdon, Virginia area. This facility has had many improvements and is very well suited in a number of capacities for production. With over 5,000 sq ft of office space (both on the front of the property and at floor level), this building is very flexible. Additionally, with multiple drive in doors (5) and dock doors (3), the facility could be utilized by several different users. Clear ceiling heights under hook at twenty two feet and twenty six feet under the bridge cranes (2). Call for complete details and confidential information. Please no solicitations at the property.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Washington
Taxing Authority: Washington County, Virginina
Zoning: B 2
Market Type: Small
Property Located Between: Bristol, Virginia and Abingdon, Virginia
Side of Street: North
Road Type: Highway
Transportation: Bus, Highway, Airport, Taxi
Highway Access: Lee Highway, Abingdon, VA. Less than 2 miles in one direction to I-81 and less than a mile in the other.
Airports: TRI - Tri Cities Regional Airport, Highlands Community Airport
Site Description: Site contains over 8 acres of mostly level land,
Area Description: Lee Highway is a main arterial highway and runs parallel to I-81.
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 81,000 SF
Property Condition: Good
Year Built: 1974
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Block, Brick, Metal Siding
Exterior Description: Brick and steel exterior.
Parking Type: Surface
Parking Description: Gravel Parking nearly encircling the plant. spaces marked are approximately 20.
Overhead Cranes: 2
X-Phase: 3 Phase
Heat Type: Electricity, Suspended Radiant Heaters
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit, Window Unit
Lighting: Metal Halide
Internet Access: Cable, Gigabit
Interior Description: Manufacturing floor has been rehabbed and looks nearly new, as well as a portion of the interior has been re-skinned or painted. Lighting has been updated and a section of the facility has been segregated for another possible Tenant. This area looks great, has 2 docks, and 2 drive thru doors (16 ft) as well as a possibility for its own segregated power. The second area could be utilized as high end clean storage or fabrication.
Zoning Description: Property is zoned for manufacturing and fabrication.
Lot Frontage: 60'
Lot Depth: 500'
Easements: Utilities
Easements Description: Electric and water.
Land Ownership: Fee Simple
Legal Description: upon request

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,733 23,027
Median Age: 44.98 45.62
Households: 3,397 10,019
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