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259 Chestnut Ridge Road

Marion, VA 24354
  • $595,000
  • STATUS: Active
  • ON SITE: 170 Days
  • MLS #: 9950331
UPDATED: 25 min ago
$595,000
  • 0
    BEDS
  • 1.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,988
    SQFT
  • $66
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

ATTENTION INVESTORS!! Looking for a lucrative investment opportunity? Don't miss this one! Situated in the heart of Marion off of exit 39, this 24 room motel accommodates almost 9,000 sqft and boasts tons of potential. In need of some TLC, this property offers an exterior corridor that makes for an easy conversion to apartments, or could be renovated to be operated as a motel again! Zoned commercial, this property could also serve for many other purposes that could include storage, airbnb, long term rental, and so much more. Located near Emory Henry, this property is convenient to everything and also has potential for a proposed trucking stop to be developed across the street from this property, and could serve as a potential demand driver for future revenue. Priced to sell at $595k, this property will not last long! Call today to schedule your appointment! Property is currently hooked up to its own private sewage treatment system but has public sewer available for hookup at the street. All information contained herein is gathered from tax records and homeowner and is subject to buyers and buyers agent verification.

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© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-09-25T15:59:58.38.
www.highlandsrealtyinc.com/homes/138380379
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259 Chestnut Ridge Road Marion, VA 24354

  • Price: $595,000
  • Status: Active
  • On Site: 170 Days
  • Updated: 25 min ago
  • MLS #: 9950331
0
Beds
0
Baths
0
½ Baths
1.3
Acres
8,988
SQFT
$66
$/SQFT
1918
Built
Neighborhood:
Smyth County
County:
Smyth
Area:
Smyth County
Property Description
ATTENTION INVESTORS!! Looking for a lucrative investment opportunity? Don't miss this one! Situated in the heart of Marion off of exit 39, this 24 room motel accommodates almost 9,000 sqft and boasts tons of potential. In need of some TLC, this property offers an exterior corridor that makes for an easy conversion to apartments, or could be renovated to be operated as a motel again! Zoned commercial, this property could also serve for many other purposes that could include storage, airbnb, long term rental, and so much more. Located near Emory Henry, this property is convenient to everything and also has potential for a proposed trucking stop to be developed across the street from this property, and could serve as a potential demand driver for future revenue. Priced to sell at $595k, this property will not last long! Call today to schedule your appointment! Property is currently hooked up to its own private sewage treatment system but has public sewer available for hookup at the street. All information contained herein is gathered from tax records and homeowner and is subject to buyers and buyers agent verification.
Exterior Features

Exterior Finish BrickOtherVinyl Siding Lot Size 1.30 Acres Road Access City Street Roof Shingle

Interior Features

Ac See Remarks Heating See Remarks Total Sqft Finished 8988.00 Total Sqft Unfinished 0.00

Property Features

Annual Lease Amount 0.00 Auction No Business Type Hotel/Motel City Taxes 0.00 County Taxes 1425.98 Development Status Infrastructure In Electric Service See Remarks Financing CashConventional Foreclosure No Info Available See Remarks Other Equipment See Remarks Property Condition Fixer Restrictions See Remarks Sale Includes Fee Simple Sewer Private Sewer Short Sale No Water Public Zoning Commercial

Listing information © 2023 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Garrett Addington of The Addington Agency Bristol: (423) 845-5800.



© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-09-25T15:59:58.38.
 
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Abingdon VA, 24210