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    Highway 58, Unit 1 Norton, VA 24273

    For Sale
    $525,000

    LAND - Norton, VA

    Lot size:
    4.64 Acres
    Days on Market:
    117
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for Highway 58

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B3
    APN
    469-A-3
    Lot size
    4.64 Acres

    The Addington Agency Bristol (423) 845-5800

    Listing agent Garrett Addington (423) 646-1060 License #337697

    Listing date Aug 13, 2025

    Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Development Site in Norton

    This 4.644-acre commercial development site is located in Norton, Virginia, off Highway 58. The property, zoned B3, benefits from high visibility due to its elevated position overlooking the highway, with a daily traffic count of 12,000. Infrastructure is available at the road. The site offers the potential for subdivision and is suitable for various uses, including medical, retail, and office space. Situated in the heart of town, this property presents opportunities for business development. All information is gathered from tax records and is subject to verification.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Norton
    County
    Norton
    State
    Virginia
    Longitude
    -82.600089
    Latitude
    36.94014

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    FAQs

    What type of property is this?
    Commercial land - 4.644 acre commercial development site with high traffic exposure.
    Where is this commercial land located?
    The property is located at Highway 58, Unit 1 Norton, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - 4.644 acre commercial development site.; - Located directly off Hwy 58 with **high visibility**.; - B3 zoning allows for medical, retail, and office space.
    (423) 646-1060
    Request Owner's contact information
    Highway 58, Unit 1 Norton, VA 24273
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    Norton, VA 24273
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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
    Highway 58, Unit 1 Norton, VA 24273
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