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    00 Hedrick Rd Teays Valley, WV 25560

    Sponsored
    For Sale
    $869,900

    West Virginia development opportunity. 70 patio homes approved.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23.5-acre commercial land parcel, situated at 00 Hedrick Rd, Scott Depot, West Virginia, 25560, presents a compelling investment opportunity. Currently listed at $869,900, this property boasts pre-approved plans for the construction of 70 patio homes within the established Devonshire community. The expansive acreage offers significant potential for a variety of development projects, providing flexibility for the discerning buyer. While the existing approval is for patio homes, alternative uses are possible, subject to obtaining the necessary approvals from Putnam County. The property's location in Scott Depot, within Putnam County, West Virginia, offers convenient access to local amenities and transportation networks. This is a rare chance to acquire a substantial land holding in a desirable location, ready for immediate development or future planning. The existing approval for residential development minimizes initial planning hurdles, while the potential for alternative uses ensures long-term value and adaptability. Detailed site plans and zoning information are available upon request. This is an ideal opportunity for developers, investors, or builders seeking a prime location for a profitable venture.

    Property Features for 00 Hedrick Rd

    General Information

    Property type
    Land
    Lot Size
    1,023,660 SF

    HighLights

    • 23.5‑acre commercial land parcel in Scott Depot, WV, listed at $869,900.
    • Pre‑approved plans for 70 patio homes in the Devonshire community.
    • Located at 00 Hedrick Rd, Scott Depot, WV 25560.
    • Potential for alternative uses subject to county approval.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Teays Valley
    County
    Putnam
    State
    West Virginia
    Longitude
    -81.9025501
    Latitude
    38.4488018

    FAQs

    What type of property is this?
    Land - West Virginia development opportunity. 70 patio homes approved.
    Where is this land located?
    The property is located at 00 Hedrick Rd Teays Valley, WV.
    What is the asking price?
    The asking price for this property is $869,900.
    What are key features of this property?
    This property features: 23.5-acre commercial land parcel in Scott Depot, WV, listed at $869,900.; Pre-approved plans for 70 patio homes in the Devonshire community.; Located at 00 Hedrick Rd, Scott Depot, WV 25560.
    Request Owner's contact information
    00 Hedrick Rd Teays Valley, WV 25560
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    00 Hedrick Rd
    Teays Valley, WV 25560
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    00 Hedrick Rd Teays Valley, WV 25560
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