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131 W Old Cross Rd, New Market, VA 22844

Commercially zoned acreage includes conditioned buildings, municipal water and sewer, and substantial parking capacity.

Property Size1 SF
Lot Size1.45 Acres
Price / SF$949,000
Days on Market7

Property Features for 131 W Old Cross Rd

General Information

Standard status Active
Size 1 SF
Lot size 1.45 Acres
Property subtype LAND
Listing Agency: Lee & Associates
Listed By: Brent Eaton
Source: Moodyscre
Added: Aug 17 Changed: Aug 20 Last Checked: Aug 22 at 11:47AM

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

Investment Insights

Based on property information with market context.

This 1.45-acre commercial property includes an approximately 7,000-square-foot main building and a warehouse of about 4,000 square feet, creating over 11,000 square feet of existing improvements. The buildings are fully air conditioned and use electric heat pumps, with two half bathrooms. A mobile home on the property is currently used as a rental.

The site fronts W Old Cross Road in Historic New Market, near Interstate 81 Exit 264, with almost 11,000 average daily traffic. Town of New Market water and sewer serve the property. More than 30,000 square feet of parking space is available along the Cadet Road side. The commercial zoning supports the existing improvements and the source information also identifies redevelopment as a potential direction.

Key Highlights

  • 1.45‑acre commercial property with existing buildings
  • Over 11,000 square feet of total building area
  • Main building has 7,000+/- square feet; warehouse has 4,000+/- square feet

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 Kitchen & Bath Showroom

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

286
Businesses Nearby

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercially zoned acreage includes conditioned buildings, municipal water and sewer, and substantial parking capacity.
Where is this commercial land located?
The property is located at 131 W Old Cross Rd 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: 1.45‑acre commercial property with existing buildings; Over 11,000 square feet of total building area; Main building has 7,000+/- square feet; warehouse has 4,000+/- square feet
(540) 335-4882 Call to check price and availability
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