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Multi-Use Property in Norton, VA 130 Progress Way NE 4,000 SF Industrial Building Norton, VA 24273 $905,952 CAD ($226.49 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • 1.0 acre with infrastructure for additional buildings
  • Mountain views
  • Located in city's Opportunity and Enterprise zones
  • Located in growing commmerical/industrial park--perfect for manufacturing/industrial use, distribution, warehouse/storage, professional service
  • One hour from Tri-Cities TN and regional airport
  • Two front drive-in doors are 14'x14'; two rear drive-in doors are 12'x12'

EXECUTIVE SUMMARY

Take advantage of this incredible opportunity to own a well-maintained commercial building available in Norton, Virginia. Built in 2005, this spacious building sits on one acre of land with infrustructure for future expansion. This property is currently being used as an auto repair/service facility with a customer waiting area, 2 offices, and 2 half bathrooms—customer and employee. The 50 X 80 metal building is located within a growing commercial/industrial park and would be perfect for manufacturing/industrial use, a distribution center, a warehouse/storage facility, or a service-oriented business. The property has two large garage bays with automatic doors on both ends of the buillding. The garage space has new LED lighting, four industrial lifts, industrial air compressor, industrial Steam Jennie, and is fully insulated. New guttering was installed in 2024. This property is perfect for businesses looking to grow and expand in a strategic location with ample space for addtional development. Excellent location for an extended customer base with beautiful mountain views. Located within an hour of Trid-Cities, TN—Kingsport, Bristol, and Johnson City. One hour from Tri-Cities Regional Airport. Located in the city's Enterprise and Opportunity zones. Don't miss out on this rare opportunity. Buyers and Buyers' agents to verify information contained in this listing. Subject to Errors and Ommissions. See link for demographic information for Norton, Virginia. https://www.city-data.com/city/Norton-Virginia.html

PROPERTY FACTS

Price $905,952 CAD
Price Per SF $226.49 CAD
Sale Type Owner User
Property Type Industrial
Property Subtype
Service
  • General Retail Auto Repair
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 1.00 AC
Rentable Building Area 4,000 SF
No. Stories 1
Year Built 2005
Tenancy Single
Parking Ratio 10/1,000 SF
No. Drive In / Grade-Level Doors 4
Opportunity Zone Yes
Zoning Business/Industrial/Multi - Located in an expanding industrial park that houses commercial businesses and light manufacturing.

AMENITIES

  • 24 Hour Access
  • Front Loading
  • Reception
  • Storage Space
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
232N-4066
Land Assessment
$69,796 CAD
Improvements Assessment
$96,039 CAD
Total Assessment
$165,835 CAD
  • Listing ID: 35504682

  • Date on Market: 2025-04-16

  • Last Updated:

  • Address: 130 Progress Way NE, Norton, VA 24273

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