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948 East Stuart Drive, Galax, VA 24333 - $449,900

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Bedrooms: 0 Full Bathrooms: 0 Half Bathrooms: 0
Type: Commercial Sale Sub Type: MLS Number: 9991386
Living Area: 2,134 Lot Acreage: 0 Year Built: 1958
Elementary School: Middle School: High School:
Property Description
Updated Mixed-Use Income Property in Galax! Lower-level retail space is leased for $2200 and updated with fresh paint and a new bathroom and kitchen area. The apartment upstairs has its own exterior entrance and is tenant-occupied with an active lease for $650 (similar properties achieving over $1100 per month in rent), providing instant income. Flexible mixed-use layout allows multiple income strategies and strong future cash flow. Prime Galax location with visibility and easy access. Perfect for investors seeking immediate income with upside potential.
Listing Status
Active
  • More Listing Info
    AC:Central Airtrue
    Business Type:Retail2true
    Business Type:Vacant2true
    Contract Info:ForeclosureNo
    Development Status:Cleared2true
    Development Status:See Remarks37true
    Electric Service:Other34true
    Exterior Finish:Block5true
    Exterior Finish:Other16true
    General Property Description:Acres0.15
    General Property Description:Annual Lease0.0
    General Property Description:HOA YNNo
    General Property Description:LeaseNo
    General Property Description:Lot Size26,473
    General Property Description:Stories32.0
    General Property Description:Total SqFt Finished2134.0
    General Property Description:Total SqFt Unfinished0.0
    General Property Description:Zoning2B2
    Heating:Centraltrue
    Info Available:Leases2true
    Location Tax Legal Info:City Taxes2286.0
    Location Tax Legal Info:County Taxes0.0
    Location Tax Legal Info:Deed Book #1190
    Location Tax Legal Info:Deed Page #664
    Other Equipment:Exterior Lightstrue
    Property Condition:Above Averagetrue
    Property Condition:Averagetrue
    Remarks Misc:Directions3From downtown Galax VA take S main towards US 58,, right onto E Stuart Dr, drive about 0.6 miles, look for sign on the left. Parking available
    Remarks Misc:Public Remarks7Updated Mixed-Use Income Property in Galax! Lower-level retail space is leased for $2200 and updated with fresh paint and a new bathroom and kitchen area. The apartment upstairs has its own exterior entrance and is tenant-occupied with an active lease for $650 (similar properties achieving over $1100 per month in rent), providing instant income. Flexible mixed-use layout allows multiple income strategies and strong future cash flow. Prime Galax location with visibility and easy access. Perfect for investors seeking immediate income with upside potential.
    Restrictions:See Remarks34true
    Road Access:City Streettrue
    Roof:Metal3true
    Sale Includes:See Remarks35true
    Sewer:Public Sewertrue
    Utilities:Electricity Connectedtrue
    Utilities:Sewer Connectedtrue
    Utilities:Water Connectedtrue
    Water:Publictrue
    Videos: (none)
    Virtual Tours: (none)
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