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    137 Preston Rd Vinton, VA 24179

    For Sale
    $239,500

    1.4-acre development site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.4-acre commercial development site in Vinton, Virginia, presents a unique opportunity for businesses seeking high visibility and convenient access. Located less than 50 yards south of the intersection of Bypass Road and Washington Avenue, this property boasts a strategic location near established businesses such as Carter Bank and Trust, Member One Credit Union, CVS, O'Reilly Auto Parts, and the River Park Shopping Center. The site comprises two contiguous parcels, both zoned GB (General Business), offering flexibility for various commercial ventures. Access is readily available from the northbound lane of Bypass Road or via S. Preston Avenue. Priced at $239,500, or $3.93 per square foot, this land offers significant value for its prime location and development potential. Note that a two-story dwelling currently on the property will be vacated upon sale. The property's zoning allows for a wide range of commercial uses, making it an ideal investment for entrepreneurs and developers alike. This is a rare opportunity to acquire a highly visible and accessible commercial site in a thriving area of Vinton.

    Property Features for 137 Preston Rd

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • $239,500 asking price.
    • 1.4‑acre commercial development site.
    • GB (General Business) zoning.
    • $3.93/SF land value.
    • Located in Vinton, VA, at 137 S Preston Rd, near ByPass Rd and Washington Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Vinton
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.8814065
    Latitude
    37.2765494

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    FAQs

    What type of property is this?
    Land - 1.4-acre development site, high visibility.
    Where is this land located?
    The property is located at 137 Preston Rd Vinton, VA.
    What is the asking price?
    The asking price for this property is $239,500.
    What are key features of this property?
    This property features: $239,500 asking price.; 1.4-acre commercial development site.; GB (General Business) zoning.
    (540) 855-3641
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    137 Preston Rd Vinton, VA 24179
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    Vinton, VA 24179
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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
    137 Preston Rd Vinton, VA 24179
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