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    22.97 Black Lick Rd Rural Retreat, VA 24368

    For Sale
    $1,250,000

    COMMERCIAL - Rural Retreat, VA

    Lot size:
    22.97 Acres
    Days on Market:
    216
    Last Refresh:
    Dec 8 at 6:06 am

    Property Features for 22.97 Black Lick Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared
    Zoning
    Industrial
    Lot size
    22.97 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer

    Building Details

    Additional Structures
    None

    Short Way Real Estate, Inc. (276) 620-0150 [email protected]

    Listing agent Judy Short (276) 620-0150

    Listing date May 7, 2025

    MLS# 93528 Listing URL

    Copyright © 2025 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    22.97 Acres Commercial Land

    This 22.97-acre parcel of commercial land in Rural Retreat, VA, offers significant potential. The property overlooks Interstate 81 and features over 1000 feet of road frontage. Its location beside a Chevron and McDonald's suggests suitability for various commercial ventures. Potential uses include a restaurant, mall, or motel. The property is zoned for industrial use.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rural Retreat
    County
    Wythe
    State
    Virginia
    Longitude
    -81.27442579
    Latitude
    36.91244979

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    FAQs

    What type of property is this?
    Commercial land - 22.97 acres of commercial land with great potential.
    Where is this commercial land located?
    The property is located at 22.97 Black Lick Rd Rural Retreat, VA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - 22.97 acres of open land; - Boasting over 1000' of road frontage; - Overlooking Interstate 81
    (276) 620-0150
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22.97 Black Lick Rd Rural Retreat, VA 24368
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