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Commercial Land with Repurposable Building
For Sale
$949,000

129 W Old Cross Road, New Market, VA 22844

Commercial land at the I-81 interchange near Exit 264, with an existing 11,366 SF building on site.

Property SizeContact for details
Days on Market85

Property Features for 129 W Old Cross Road

General Information

Standard status Active
Property subtype Other

Building Details

Year Built 1961
Stories 1
Listing Agency: Lee & Associates
Listed By: Brent Eaton
Source: Commercialcafe
Added: Jul 29 Changed: Oct 19 Last Checked: Oct 20 at 5:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates

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Investment Insights

Based on property information with market context.

This commercial land offering includes an existing 11,366 SF building that can be scraped or repurposed for a new development plan. The property is positioned for redevelopment and adaptive reuse opportunities at a key highway access point.

Located at the I-81 interchange, Exit #264, the site benefits from direct connectivity to one of the region’s major travel routes. The property is at 129 W Old Cross Rd in New Market, VA 22844.

If you’re looking for a development site with an existing structure in place, this property provides a straightforward starting point to evaluate redevelopment versus reuse for your next concept.

Key Highlights

  • I‑81 interchange location near Exit #264
  • 11,366 SF building on site for potential repurpose or scrape
  • Commercial land development opportunity

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Storage Facility Garden Center Skin Care Clinic (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

273
Businesses Nearby
92k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Shops & Services 47% Hotels & Casinos 2%
McDonald's Dining
30,197 visits/mo 0.1 miles
Shell Shops & Services
18,321 visits/mo 0.1 miles
Dunkin' Donuts Dining
12,347 visits/mo 0.1 miles
7-Eleven Shops & Services
12,083 visits/mo 0.3 miles
Dollar General Shops & Services
6,002 visits/mo 0.4 miles

Demographics for 22844, VA

4,599
Population
2,257
Households
2
Avg Household Size
48
Median Age
19%
College-Educated
91%
High-School Grad
49.6 sq mi
ZIP Area
93
Density / Sq Mi
$63,061
Median Household Income
$36,214
Median Earnings
$877
Median Rent
$263,300
Median Home Value
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land at the I-81 interchange near Exit 264, with an existing 11,366 SF building on site.
Where is this commercial land located?
The property is located at 129 W Old Cross Road New Market, VA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: I‑81 interchange location near Exit #264; 11,366 SF building on site for potential repurpose or scrape; Commercial land development opportunity
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