Investment property: US Post Office/Restaurant/Apartment

Description

Incredible money-making investment property. This is a multi purpose building currently serving as the Coleman Falls U.S. Post Office. Additionally, there is a 1 bedroom apartment on the second floor with a tenant who has lived there nearly 30 years and has no plans of leaving. He has never missed a rent payment. Lastly, there is restaurant/country store adjoining the post office. It is currently not leased, but it is in turn key condition with a fully equipped kitchen and dining area. The building is located on a highly trafficked road less than 10 miles west of Lynchburg, VA. The property sits on 1.32 acres of flat land ideal for further development. There used to be a 2 single-wide trailers on the property, which means the septic system is sized for an additional 4 bedrooms. This opens the door to a variety of development options including 2 single-wides, 1 double-wide or other even mini-storage. The property is valued at 210000 giving the buyer instant equity.