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    509 Spotswood Trl Elkton, VA 22827

    For Sale
    $274,500

    Building - ELKTON, VA

    Property size:
    4,378 SF
    Lot size:
    0.29 Acres
    Days on Market:
    125
    Last Refresh:
    Dec 14 at 11:06 pm

    Property Features for 509 Spotswood Trl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1 Business General
    APN
    131-B1-1-B-12-23, 24, 25, 26
    Parking
    25
    Size
    4,378 SF
    Lot size
    0.29 Acres

    Building Details

    Floors in Building
    2
    Number of units
    2
    Architectural style
    Other

    Old Dominion Realty, Inc. (540) 433-2454 [email protected]

    Listing agent John Bowman (540) 433-2454 License #0225085237

    Listing date Aug 12, 2025

    MLS# 655358 Listing URL

    Copyright © 2025 Harrisonburg-Rockingham 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

    Elkton Investment Opportunity

    This property in Elkton, Virginia, presents an investment opportunity. The main level is currently occupied by a successful antique/thrift store, benefiting from high visibility and ample parking. The first floor lacks HVAC. The second floor features a 1265 square foot residential apartment, including three bedrooms, one full bathroom, a kitchen, dining area, and an office. The apartment is accessible via both inside and outside entries. The building is situated on four town lots, offering various possibilities. The zoning is B-1 Business General. The property size is 4378 square feet and the lot size is 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knight's Towing & Recovery Towing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Floral Expressions with Jolene, The Vintage Owl's Nest

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.713736
    Latitude
    38.372209

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use building with retail space and residential apartment in Elkton.
    Where is this storefront property located?
    The property is located at 509 Spotswood Trl Elkton, VA.
    What is the asking price?
    The asking price for this property is $274,500.
    What are key features of this property?
    This property features: - High-visibility commercial space on Elkton's main street.; - Includes a large, 1265 SF residential apartment with 3 bedrooms.; - Established antique/thrift store business on the main level.
    (540) 433-2454
    Request Owner's contact information
    509 Spotswood Trl Elkton, VA 22827
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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
    509 Spotswood Trl Elkton, VA 22827
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