Income-Producing Racetrack For Sale - Southwest VA

Coeburn, VA
Wise County

Asking Price: Annual Revenue:
$850,000 Not Disclosed

Recreation: Entertainment

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RE: Income-Producing Racetrack For Sale - Southwest VA Broker: United Country Property Specialists

Quick Facts

Asking Price: $850,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1993
Employees: Not Disclosed
BBN Listing #: 492424203
Broker Reference #: 45093-72300

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Business Overview:

Income-Producing Racetrack & Land For Sale in Wise County, VA

Rare investment opportunity! Clay Valley Speedway formerly know as Lonesome Pine Raceway, is currently a three-eights mile race track with steep-banked clay surface and is race ready with many recent improvements.

This 40+ acre facility has endless possibilities for use with grandstand seating of over 6,500 and plenty of lighted parking. The three story VIP tower features a kitchen equipped with newer commercial appliances, restrooms, an office area, luxury suites & rooftop seating. Two additional concession stands with sales area and 40+ stall public restrooms are conveniently located beside the racetrack.

Included on this unique property is a control tower with press room, announcers booth, official's booth & restrooms. Ticket booths are strategically placed on the property. The Office building/Garage is over 10,600 square feet and has seven 12X20 overhead doors, 3.5 baths, Seven office areas, storage rooms & a large garage area with two Jib, 5 ton cranes. There is also a 1,835 Square Feet home located on the property that would be ideal for employee/management housing or rental income.

A NASCAR approved computerized scoring system is installed complete with modern scoreboard and LED warning lights. Three phase power is throughout the structures. The updated sound system could support live concerts. This property is Ideal for someone looking for income producing properties.

Listing ID: 45093-72300

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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