$325,000
Norton, VA 24273
MLS# 9994152
3756 sqft

1 / 22
Property Description
GREAT investment opportunity!! Here you have a passive-income storage facility with major expansion and development potential. This 35-unit storage facility (varying sizes) offers immediate and consistent cash flow in a great location. 34 units are currently rented, while one is being cleaned out. The potential to expand by approximately 60 additional units or other business ventures, offers a clear path to significantly increase income. Designed for passive ownership and minimal upkeep, this property consists of well-maintained metal buildings with no utilities currently in place, keeping operating expenses extremely low. With strong local demand and limited competition, the existing units maintain steady occupancy, while the expansion potential creates an exceptional opportunity to scale revenue. There is enough room to add a whole row of units in the back, as well as other areas. In addition to adding more units, the property offers potential additional income streams, such as a car wash (which it has previously served as), laundromat, vending machines, or other complementary services (subject to approvals). Further upside includes the ability to increase rents to market rates and/or introduce utilities to enhance value and attract additional tenant demand. Whether you're looking for a low-maintenance, income-producing asset or a property with significant long-term growth potential, this opportunity delivers both.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 232n0877
City Taxes: 1869
County Taxes: 0
Contract Info
List Price/SqFt: 86.53
Foreclosure: No
Short Sale: No
Auction: No
Status: Active
Listing Price: 325000
Current Price: $325,000
Listing Date: 2026-04-20
General Property Description
Acres: 0.83
Lease: No
Lot Size: .8333
Zoning: M-1
HOA Y/N: No
Total SqFt Finished: 0
Total SqFt Unfinished: 3756
Annual Lease $: 0
Year Built: 1980
Total SqFt: 3756
Remarks & Misc
Public Remarks: GREAT investment opportunity!! Here you have a passive-income storage facility with major expansion and development potential.
This 35-unit storage facility (varying sizes) offers immediate and consistent cash flow in a great location. 34 units are currently rented, while one is being cleaned out. The potential to expand by approximately 60 additional units or other business ventures, offers a clear path to significantly increase income.
Designed for passive ownership and minimal upkeep, this property consists of well-maintained metal buildings with no utilities currently in place, keeping operating expenses extremely low.
With strong local demand and limited competition, the existing units maintain steady occupancy, while the expansion potential creates an exceptional opportunity to scale revenue. There is enough room to add a whole row of units in the back, as well as other areas. In addition to adding more units, the property offers potential additional income streams, such as a car wash (which it has previously served as), laundromat, vending machines, or other complementary services (subject to approvals).
Further upside includes the ability to increase rents to market rates and/or introduce utilities to enhance value and attract additional tenant demand.
Whether you're looking for a low-maintenance, income-producing asset or a property with significant long-term growth potential, this opportunity delivers both.
Directions: From John I. Burton High school follow Kentucky Avenue. Property is on the left. Sign on building.
Property Condition
Average: 1
Business Type
Other: 1
Exterior Finish
Metal Siding: 1
Other Equipment
Garage Bay(s): 1
Roof
Metal: 1
Road Access
City Street: 1
Electric Service
Other: 1
Development Status
Finished Lot(s): 1
Heating
None: 1
Info Available
Other: 1
AC
None: 1
Water
At Road: 1
Public: 1
Sewer
At Road: 1
Public Sewer: 1
Restrictions
Other: 1
Financing
Cash: 1
Conventional: 1
Sale Includes
Other: 1
Location Tax Legal Info
Street #: 600
St Direction: Southwest
Street Name: Kentucky
St Suffix: Avenue
County: Wise
State/Province: VA
Zip Code: 24273
Area: 506 - Wise County
Subdivision: Not In Subdivision
Property Features
Property Condition: Average
Business Type: Other
Exterior Finish: Metal Siding
Other Equipment: Garage Bay(s)
Roof: Metal
Electric Service: Other
Development Status: Finished Lot(s)
Heating: None
AC: None
Water: At Road; Public
Sewer: At Road; Public Sewer
Road Access: City Street
Info Available: Other
Restrictions: Other
Financing: Cash; Conventional
Sale Includes: Other
Listing Office: ReMax Cavaliers Wise
Last Updated: April - 20 - 2026
Information deemed reliable but not guaranteed.