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    5656 Floyd Hwy Willis, VA 24380

    Sponsored
    For Sale
    $189,000

    Two-unit remodeled commercial property in Willis, VA.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional investment opportunity presents a meticulously remodeled duplex situated in the vibrant heart of Willis, Virginia. The property boasts a prime location, offering convenient access to essential amenities. Within easy walking distance, residents and tenants will find the Willis Village Mart, Jim's Grill, the post office, and a local bank, ensuring a high level of convenience and desirability. The property itself comprises two distinct units, each designed for comfortable living or rental income. Unit A features three bedrooms and one and a half bathrooms, while Unit B provides two bedrooms and one bathroom. Each unit is equipped with its own individual electric meter base, providing efficient utility management and separate billing. The property sits on a sizable 0.6-acre lot, offering ample space and potential for future development or expansion. This turnkey investment is priced competitively at $189,000, presenting a strong return on investment potential in a thriving community. The property's excellent location and well-maintained condition make it an ideal choice for both seasoned investors and those seeking a stable, income-generating asset. Don't miss this chance to acquire a valuable piece of Willis real estate. Contact us today to schedule a viewing.

    Property Features for 5656 Floyd Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Auto Parts Store Food Market Storage Facility Grocery Store Convenience Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Floyd
    State
    Virginia
    Longitude
    -80.48352
    Latitude
    36.85727

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    Nearby Similar for Sale

    • $189,000
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      Remodeled Duplex in Willis, VA

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    FAQs

    What type of property is this?
    Commercial real estate - Two-unit remodeled commercial property in Willis, VA.
    Where is this commercial real estate located?
    The property is located at 5656 Floyd Hwy Willis, VA.
    What is the asking price?
    The asking price for this property is $189,000.
    (540) 745-2005
    Request Owner's contact information
    5656 Floyd Hwy Willis, VA 24380
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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
    5656 Floyd Hwy Willis, VA 24380
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