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    Tbd Stuarts Draft Hwy Stuarts Draft, VA 24477

    Sponsored
    For Sale
    $3,000,000

    19 Acres, Multifamily Potential, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 19.04-acre commercial and residential land parcel presents a unique investment opportunity in Stuarts Draft, Virginia (zip code 24477). Located on TBD Stuarts Draft Highway, this property boasts a prime location with high visibility and accessibility, experiencing over 13,000 vehicles daily. A potential access point off Route 340 adds to its strategic advantage. The permitted zoning allows for multifamily development, and a conceptual site plan (not yet approved) suggests a high-density project with the possibility of four-story buildings. Alternatively, the acreage is well-suited for townhouse or condominium construction. The asking price is $3,000,000. The site's proximity to amenities is a significant draw, with easy walking distance to urgent care facilities, a Food Lion grocery store, various restaurants, and a new Starbucks. While the current site plan is conceptual, it incorporates potential water management solutions, directing flow to a county pond on an adjacent property. This property offers developers a chance to create a thriving community in a highly desirable location. Serious inquiries only.

    Property Features for 0 Tbd Stuarts Draft Hwy

    General Information

    Property type
    Land
    Lot Size
    829,382 SF

    HighLights

    • Preliminary site plan shows potential water drainage to adjacent county pond.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stuarts Draft
    County
    Augusta
    State
    Virginia
    Longitude
    -79.037692373061
    Latitude
    38.036884455682

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 19 Acres, Multifamily Potential, High Traffic
    Where is this land located?
    The property is located at Tbd Stuarts Draft Hwy Stuarts Draft, VA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Preliminary site plan shows potential water drainage to adjacent county pond.; ;
    (540) 433-2106
    Request Owner's contact information
    Tbd Stuarts Draft Hwy Stuarts Draft, VA 24477
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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
    Tbd Stuarts Draft Hwy Stuarts Draft, VA 24477
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