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    923 Us Highway 23 Weber City, VA 24290

    Sponsored
    For Lease
    $56,868

    1.3-Acre Paved Lot, High Traffic Area

    Lot size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.3-acre commercial land parcel, located at 923 US Hwy 23 S in Weber City, Virginia (zip code 24290), presents a prime opportunity for various businesses. The property boasts a large, paved lot with convenient, wide driveway access directly from the four-lane highway. Its flat, level terrain is ideal for a range of uses, including car sales, landscaping or garden centers, equipment sales and service businesses, or truck parking and storage. The high-traffic location on Hwy 23, a major commuter route between the Tri-Cities and Southwest Virginia, sees over 19,000 vehicles daily. This strategic position is further enhanced by its proximity to established businesses like Exxon and Price Less Foods. The property is offered as a lease, with the owner open to build-to-suit options for long-term tenants. Please note that an existing garage building on the adjacent property is not included in this lease offering. The APN is 167-A-30A. This is a single-tenancy retail and land property with a total building square footage of 1 square foot. The property is zoned for commercial use. This presents a unique chance to establish a thriving business in a high-visibility location with excellent accessibility.

    Property Features for 923 Us Highway 23

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1 SF
    Total Rate
    56868

    Unit(s) available at that property

    Space
    Available
    Size
    56,628 SF
    Rate per SF
    $56,868
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weber City
    County
    Scott
    State
    Virginia
    Longitude
    -82.569615670646
    Latitude
    36.605488449325

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    FAQs

    What type of property is this?
    Land - 1.3-Acre Paved Lot, High Traffic Area
    Where is this land located?
    The property is located at 923 Us Highway 23 Weber City, VA.
    What is the lease rate?
    The lease rate is $56,868.
    Request Owner's contact information
    923 Us Highway 23 Weber City, VA 24290
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    Weber City, VA 24290
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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
    923 Us Highway 23 Weber City, VA 24290
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