Bluefield, VA Investment Property

2 properties available.
3 photos
North Tazewell, VA 24605


$250,000Size Upon Req.

5 photos
Bluefield, VA 24605


$4,225,00062,461 SF

Marcus & Millichap is pleased to present College Plaza, a 62,461 SF Shopping center anchored by Ollie' s Bargain Outlet & Jo-Ann Fabric, located at the intersection of Highway 460 and State Hwy 102, in the heart of the Regional Shopping Destination for Bluefield Virginia. The subject property is shadow anchored by Lowe' s Home Improvement, Walmart Supercenter & Sam' s Club, resting on 7.51± acres of land in the middle of approximately 1.2 million sf of retail, in the principal retail destination for the trade area. Ollie' s Bargain Outlet which represents 52% of the centers GLA, operates on an existing lease which extends through 2020 with built in increases. 70% of the centers gross revenue is derived from national tenants and the property has a vacancy rate of approximately 7% in a market with little or no vacancy. The property is being offered at a reasonable $68/sf or substantially below replacement cost and includes a 15 year roof warranty that covers through 2019.

Bluefield, VA Investment Property

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