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Industrial

Nelson, VA Redevelopment Opportunity

34 Tank Rd, Nelson, VA 24580

Listing Price: $539,400

Lot Size
17.98 acres
Price/Acre
$30,000
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present for sale, a redevelopment opportunity located along State Route 867 in Nelson, Mecklenburg County, Virginia. The subject property consists of a 15,015 SF facility that is situated on a 17.98-acre parcel with existing ingress and egress along Route 49 and provides access to US Interstate 85. Adamson Company, Inc (now Adamson Global Technology) occupied the facility from 1977-1994 and manufactured tank and pressure vessels on site. The company began having financial difficulties in 1994 and filed for bankruptcy before vacating the premises. The subject property underwent substantial environmental remediation after the tenant vacated, and the remediation was completed to the satisfaction of the Virginia Department of Environmental Quality and the Environmental Protection Agency in 2009. The building is in need of renovation but may be salvageable for the end-user. Otherwise, the large tract of land provides opportunity for the end-user or opportunistic investor to increase the footprint of the building through development. The majority of the lot is wooded with pine trees and may provide additional value through the sale of harvestable timber.

Investment Highlights

  • Heavy Industrial zoning provides a wide variety of processing, manufacturing, and storage uses
  • Large tract of land promotes likelihood for larger development
  • Existing ingress and egress along Route 49 provides access to US Interstate 85
  • Potential income related to harvestable timber on site

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Industrial

Nelson, VA Redevelopment Opportunity

Listing Price: $539,400

Lot Size
17.98 acres
Price/Acre
$30,000
Land Type
Redevelopment

Investment Highlights

  • Heavy Industrial zoning provides a wide variety of processing, manufacturing, and storage uses
  • Large tract of land promotes likelihood for larger development
  • Existing ingress and egress along Route 49 provides access to US Interstate 85
  • Potential income related to harvestable timber on site

Investment Overview

Marcus & Millichap is pleased to present for sale, a redevelopment opportunity located along State Route 867 in Nelson, Mecklenburg County, Virginia. The subject property consists of a 15,015 SF facility that is situated on a 17.98-acre parcel with existing ingress and egress along Route 49 and provides access to US Interstate 85. Adamson Company, Inc (now Adamson Global Technology) occupied the facility from 1977-1994 and manufactured tank and pressure vessels on site. The company began having financial difficulties in 1994 and filed for bankruptcy before vacating the premises. The subject property underwent substantial environmental remediation after the tenant vacated, and the remediation was completed to the satisfaction of the Virginia Department of Environmental Quality and the Environmental Protection Agency in 2009. The building is in need of renovation but may be salvageable for the end-user. Otherwise, the large tract of land provides opportunity for the end-user or opportunistic investor to increase the footprint of the building through development. The majority of the lot is wooded with pine trees and may provide additional value through the sale of harvestable timber.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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