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    7518 Plantation Rd Hollins, VA 24019

    Sponsored
    For Sale
    $1,095,000

    1.97 Acres, Build-to-Suit Options

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.97-acre commercial land parcel in Hollins, Virginia, presents a unique investment opportunity. Priced at $1,095,000 ($556,000/acre), the property is zoned I-1, offering considerable flexibility for development. The seller is open to building-to-suit options, accommodating up to approximately 15,000 square feet of space. Ideal for a variety of uses, including retail, office, medical, or industrial projects. Potential tenants could include warehouses, showrooms, auto/gas stations, convenience stores, restaurants, daycare centers, financial institutions, medical facilities, or equipment sales businesses. This strategically located site enjoys convenient access to I-81, ensuring high visibility and easy accessibility for customers and employees. The property's address is 7518 Plantation Rd, Hollins, VA 24019, within Roanoke County. This is a rare chance to acquire a versatile commercial lot in a thriving area, perfect for owner-occupancy or investment purposes. Serious inquiries are encouraged.

    Property Features for 7518 Plantation Rd

    General Information

    Property type
    Land
    Lot Size
    85,813 SF

    HighLights

    • High‑bay warehouse space available.
    • Showroom space with excellent visibility.
    • Ideal for auto repair, gas station, or related uses.
    • Suitable for a convenience store or similar retail operation.
    • Restaurant space with ample parking potential.
    • Zoned for daycare center.
    Property Profile 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
    Hollins
    County
    Roanoke
    State
    Virginia
    Longitude
    -79.95315062
    Latitude
    37.35091458

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    Nearby Similar for Sale

    • $595,000
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      Hollins Retail Opportunity on Corner

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      7403-7409 Williamson Rd, Hollins, VA
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      Hollins Office Building For Sale

      17,970 SF office building in Hollins, Virginia.
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    FAQs

    What type of property is this?
    Land - 1.97 Acres, Build-to-Suit Options
    Where is this land located?
    The property is located at 7518 Plantation Rd Hollins, VA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: High-bay warehouse space available.; Showroom space with excellent visibility.; Ideal for auto repair, gas station, or related uses.
    (540) 354-6456
    Request Owner's contact information
    7518 Plantation Rd Hollins, VA 24019
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    Hollins, VA 24019
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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
    7518 Plantation Rd Hollins, VA 24019
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