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Commercial Land with Repurposable Building
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129 W Old Cross Rd, New Market, VA 22844

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

Property Size11,336 SF
Price / SF$87.77
Days on Market519

Property Features for 129 W Old Cross Rd

General Information

Standard status Active
Size 11,336 SF
Property subtype RETAIL
Listing Agency: SVN Northco
Listed By: Jim Guisewhite · License #0225181417
Source: Moodyscre
Added: Feb 27, 2025 Changed: Jul 30 Last Checked: Jul 30 at 6:49PM

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 SVN Northco

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

Current Use

Commercial land

Suggested Use

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

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

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
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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 Rd New Market, VA.
What is the asking price?
The asking price for this property is $995,000.
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
(540) 325-0573 Call to check price and availability
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