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Commercial Land Offering
New
For Sale
$650,000

2978 VALLEY AVE, Winchester, VA 22601

Two Valley Avenue parcels include public water and sewer availability and an existing five-unit rental property.

Property SizeContact for details
Days on Market5

Property Features for 2978 VALLEY AVE

General Information

Standard status Active
Listing Agency: Oakcrest Commercial Real Estate
Listed By: H. Paige Manuel · License #0225023519
Source: Cathyshometeam
Added: Sep 11 Last Checked: Sep 14 at 12:34PM

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 Real Estate

Investment Insights

Based on property information with market context.

This offering includes a 0.429-acre parcel at 2970 Valley Avenue and a second Valley Avenue property with five rental units. The combined properties encompass 1.15 acres. The 2970 Valley Avenue site has public water and sewer available, while the second property includes existing residential rental improvements.

The properties are located on Valley Avenue in Winchester, Virginia. The offering combines commercial land with an income-producing five-unit property, providing two distinct parcels and established rental improvements within the same offering.

Key Highlights

  • 0.429‑acre parcel at 2970 Valley Avenue
  • Public water and sewer available
  • 2978 Valley Avenue includes 5 rental units

Property Analytics

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Current Use

Commercial land

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Two Valley Avenue parcels include public water and sewer availability and an existing five-unit rental property.
Where is this commercial land located?
The property is located at 2978 VALLEY AVE Winchester, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.429‑acre parcel at 2970 Valley Avenue; Public water and sewer available; 2978 Valley Avenue includes 5 rental units
More about this property
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