Listing Agency: EXECUTIVE REALTY INC b***@executivereinc.com Show Phone

Listed By: DANIEL BROWN · License #0225087968 Show Phone

Source: Exprealty

Added: Jul 8, 2020 Changed: Aug 29 Last Checked: Aug 31 at 12:38AM

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Investment Insights

Based on property information with market context.

This industrial land parcel is zoned M1 and provides 150 feet of road frontage. The property is identified as Lot 16 Old Franklin Tpke in Union Hall, Virginia.

Road access supports connections toward Smith Mountain Lake via US 220 in Rocky Mount and Route 29 in Gretna. The parcel is positioned within a regional transportation network serving the surrounding area.

Key Highlights

• M1 zoning supports an industrial land use designation
• 150 feet of road frontage
• Located at Lot 16 Old Franklin Tpke, Union Hall, VA 24176

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Pet Grooming Service Discount Store Department 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

11

Businesses Nearby

Explore this area Business Placement

Demographics for 24176, VA

1,527

Population

1,140

Households

1.3

Avg Household Size

59

Median Age

52%

College-Educated

95%

High-School Grad

22.0 sq mi

ZIP Area

69

Density / Sq Mi

$95,197

Median Household Income

$47,125

Median Earnings

$1,326

Median Rent

$592,000

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

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - M1-zoned land with convenient roadway access and connectivity toward Smith Mountain Lake.

Where is this industrial land located?

The property is located at Lot 16 Old Franklin Tpke Union Hall, VA.

What is the asking price?

The asking price for this property is $125,000.

What are key features of this property?

This property features: M1 zoning supports an industrial land use designation; 150 feet of road frontage; Located at Lot 16 Old Franklin Tpke, Union Hall, VA 24176