Main Content
- SF: 42,450 sq. ft
- acres 10.5
- Request Info
- Full Offering Memorandum
800 East Main Street
Agent(s): Kyle Hartung
- Price $1,350,000
- Status For Sale
- Property Type Investment Sales
About This Property
For sale to qualified investors is the fee simple interest in Mountain View Square, a 42,450 square foot shopping center located in Wytheville, Virginia. The asset presents a rare market opportunity with extreme value-add potential. The property is currently 58% occupied and offered at only $31.80 per square foot, allowing the investor to add value by leasing the remaining 42%. Shadow-anchored by Rural King who draws customers from throughout the region, the shopping center features the State of Virginia (through 2029), MTN Lynx Transit, and Faith Free Will Baptist Church as tenants. Vacancies include various-sized inline spaces ranging in size from 900 to 3,500 SF, many of which may be combined. Projections to 86% occupancy show $1.2 million of potential value creation. The property is situated directly off in Interstate 77 in a regional location. Nearby national tenants include Food Lion, Tractor Supply Company, Social Security Administration, Truist Bank, Hardee’s, Applebee’s, Cracker Barrell, multiple hotels, and others.