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1.15 Acres with Rental Income
For Sale
$1,250,000

2970 VALLEY Ave, Winchester, VA 22601

1.15 acres with car lot and rental units.

Property SizeContact for details
Lot Size0.72 Acres
Days on Market165

Property Features for 2970 VALLEY Ave

General Information

Standard status Active
Lot size 0.72 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $2,973

Building Details

Year Built 1950
Listing Agency: Oakcrest Commercial LLC.
Listed By: H. Paige Manuel · License #0225023519
Source: Elliman
Added: Mar 10 Changed: Aug 19 Last Checked: Aug 19 at 6:04AM

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 Oakcrest Commercial LLC.

Investment Insights

Based on property information with market context.

The property at 2970 and 2978 Valley Avenue comprises 1.15 acres. It includes a former used car lot with space to display 30-40 cars. Public water and sewer are available. The property at 2978 Valley Avenue features 5 rental units, generating approximately $4,000.00 in gross monthly revenue.

Key Highlights

  • 1.15 acres suitable for a 30‑40 car used car lot.
  • Existing rental income of approximately $4,000.00 per month from 5 units.
  • Public water and sewer available.

Property Analytics

Current Use

Parking lots & garages

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Cafe & Coffee 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

514
Businesses Nearby
Balanced
Demand for This Use

Demographics for 22601, VA

29,720
Population
13,159
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
87%
High-School Grad
9.8 sq mi
ZIP Area
3,033
Density / Sq Mi
$66,542
Median Household Income
$38,491
Median Earnings
$1,316
Median Rent
$321,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Enterprise Rent-A-Car 2711 Valley Ave, Winchester, VA 22601
  • U-Haul Neighborhood Dealer 3323 Valley Pike, Winchester, VA 22602
  • U-Haul Neighborhood Dealer 3082 Shawnee Dr, Winchester, VA 22601

Frequently Asked Questions

What type of property is this?
Parking lot & garage - 1.15 acres with car lot and rental units.
Where is this parking lot & garage located?
The property is located at 2970 VALLEY Ave Winchester, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1.15 acres suitable for a 30‑40 car used car lot.; Existing rental income of approximately $4,000.00 per month from 5 units.; Public water and sewer available.
More about this property
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