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    8089 James Madison Hwy Fork Union, VA 23055

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    For Sale
    $219,900

    Retail space on busy highway with potential for various uses.

    Property size:
    800 SF
    Lot size:
    4.60 Acres

    Property Features for 8089 James Madison Hwy

    General Information

    Size
    800 SF
    Lot size
    4.60 Acres

    Source: Akarion Realty Agent Corven Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on James Madison

    This retail property is situated on two parcels located on a busy section of VSH 15, between Palmyra and Fork Union. The cedar-sided, ranch-style building features a tin roof and overlooks Cary's Creek from its knoll setting. The 800 square foot building has two entrances and is designed to allow shared use of the full bath if the space is divided. Interior features include a stone fireplace, pine floors, exposed beams, and skylights. Plumbing is in place for a hair salon. The property offers many options for use. An adjacent lot is available for separate purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Akarion Realty Real Estate Agency

    Suggested Use

    Realty agency Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fork Union
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.2397827
    Latitude
    37.7998577

    Nearby Similar for Sale

    • $1,225,000
      7,139 SF

      Medical Office & Multifamily Investment

      Turn-key investment opportunity with medical office and multifamily components.
      4064 James Madison Hwy, Fork Union, VA 23055
      View Details
    • $429,950

      Fork Union Specialty Property

      Specialty property for sale in Fork Union, Virginia.
      2171 E River Rd, Fork Union, VA 23055
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    FAQs

    What type of property is this?
    Retail space - Retail space on busy highway with potential for various uses.
    Where is this retail space located?
    The property is located at 8089 James Madison Hwy Fork Union, VA.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: - Location on busy VSH 15 between Palmyra and Fork Union.; - Cedar-sided ranch style with tin roof overlooking Cary's Creek.; - Plumbing in place for hair salon.
    (434) 996-1830
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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
    8089 James Madison Hwy Fork Union, VA 23055
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