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    323 Madine Way Fincastle, VA 24090

    Sponsored
    For Sale
    $195,000

    0.78-acre lot, prime Fincastle location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.78-acre commercial development lot is strategically located in Fincastle, Virginia, at the corner of US 220 (Roanoke Road) and Madine Way. Currently zoned A-1, the property is proposed for B-1 zoning, ideal for local and neighborhood shopping, personal service businesses, and professional offices. The B-1 zoning is designed to minimize traffic and avoid disturbing nearby residential areas. This lot boasts significant frontage on US 220 and Madine Way, including an existing curb cut, providing excellent visibility and accessibility. Its prime location is directly across S Roanoke Street from the US Post Office and across US 220 from the Fincastle Fire Department, ensuring high traffic and visibility. Utilities are readily available, including public water, sewer, and natural gas. The property is also subject to the Town of Fincastle Enhancement Corridor Overlay District. The asking price for this exceptional development opportunity is $195,000. The APN is 73A-38. This property presents a unique chance to establish a thriving business in a high-traffic, well-established community.

    Property Features for 323 Madine Way

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    HighLights

    • 0.78‑acre commercial lot in Fincastle, VA, at US 220 & Madine Way.
    • Currently A‑1 zoned, proposed B‑1 zoning for retail, service, and office uses.
    • Excellent visibility and accessibility with frontage on US 220 and Madine Way, including an existing curb cut.
    • High traffic location across from US Post Office and Fincastle Fire Department.
    • Utilities available (water, sewer, gas). Subject to Town of Fincastle Enhancement Corridor Overlay District.
    • Asking price: $195,000. APN: 73A‑38.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fincastle
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.8783006
    Latitude
    37.4957011

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    FAQs

    What type of property is this?
    Land - 0.78-acre lot, prime Fincastle location.
    Where is this land located?
    The property is located at 323 Madine Way Fincastle, VA.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: 0.78-acre commercial lot in Fincastle, VA, at US 220 & Madine Way.; Currently A-1 zoned, proposed B-1 zoning for retail, service, and office uses.; Excellent visibility and accessibility with frontage on US 220 and Madine Way, including an existing curb cut.
    (540) 353-0100
    Request Owner's contact information
    323 Madine Way Fincastle, VA 24090
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    Fincastle, VA 24090
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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
    323 Madine Way Fincastle, VA 24090
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