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    Hollie Dr Martinsville, VA 24112

    Sponsored
    For Sale
    $10,560,750

    80 Acres Industrial Land, Martinsville, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 80.48-acre industrial land parcel in Martinsville, Virginia, presents a compelling investment opportunity. Strategically located near major transportation arteries – US 58, US 220, and I-40 – it offers unparalleled logistics advantages for efficient distribution. The property benefits from Martinsville's pro-business environment, characterized by competitive utility rates and a supportive local government. This translates to significant cost savings for businesses. The area boasts a skilled workforce, nurtured by local educational institutions and workforce development programs, ensuring a readily available talent pool. Martinsville's lower cost of living further reduces operational overheads, enhancing profitability. Beyond the economic advantages, the city offers a diverse economy with a strong manufacturing heritage, complemented by growth in healthcare and technology sectors. A high quality of life is ensured by cultural and recreational amenities, including the Martinsville Speedway, Smith River, Philpott Lake, and proximity to the scenic Blue Ridge Mountains. This property is offered at $10,560,750 and is being sold by owner. The site's prime location and favorable business climate make it ideal for various industrial developments. This is a rare opportunity to acquire a substantial land holding in a thriving Virginia community. The property is located at Hollie Dr, Martinsville, VA 24112, in Henry County.

    Property Features for 0 Hollie Dr

    General Information

    Property type
    Land
    Lot Size
    3,505,709 SF

    HighLights

    • $10,560,750 asking price.
    • 80.48‑acre industrial land parcel.
    • Located in Martinsville, VA, in Henry County, zip code 24112, on Hollie Dr.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Martinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.8750369
    Latitude
    36.734934

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    FAQs

    What type of property is this?
    Land - 80 Acres Industrial Land, Martinsville, VA
    Where is this land located?
    The property is located at Hollie Dr Martinsville, VA.
    What is the asking price?
    The asking price for this property is $10,560,750.
    What are key features of this property?
    This property features: $10,560,750 asking price.; 80.48-acre industrial land parcel.; Located in Martinsville, VA, in Henry County, zip code 24112, on Hollie Dr.
    Request Owner's contact information
    Hollie Dr Martinsville, VA 24112
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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
    Hollie Dr Martinsville, VA 24112
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