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    5835 Virginia Ave Hwy 220 Bassett, VA 24055

    For Sale
    $250,000

    Prime 0.619-acre pad-ready site. High traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.619-acre commercial land parcel presents a unique investment opportunity in Bassett, Virginia. Located at 5835 Virginia Avenue (Hwy 220 N By-Pass), this outparcel is situated within the established Bassett Forks Shopping Center, anchored by a Food Lion grocery store. The property boasts a highly desirable location, benefiting from significant traffic volume, with an average daily traffic count of 17,000 vehicles on Highway 220 North Bypass in 2018. Its adjacency to a McDonald's outparcel further enhances its visibility and accessibility. The site is pad-ready, simplifying development, and is estimated to accommodate a building of up to 7,000 square feet. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet. All necessary utilities are readily available, making this a truly turnkey opportunity for immediate development. The asking price for this strategically located parcel is $250,000. Don't miss this chance to secure a prime commercial location in a thriving retail area. The property is zoned for commercial use and offers excellent potential for a variety of businesses.

    Property Features for 5835 Virginia Ave Hwy 220

    General Information

    Property type
    Land
    Lot Size
    26,964 SF

    HighLights

    • Outparcel in Bassett Forks Shopping Center, anchored by Food Lion.
    • High traffic count: 17,000 ADT on nearby Bypass 220.
    • Adjacent to McDonald's outparcel.
    • Pad‑ready site.
    • 0.619‑acre lot with allocated parking.
    • Suitable for approximately 7,000 square foot building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bassett
    County
    Henry
    State
    Virginia
    Longitude
    -79.9391194
    Latitude
    36.7489288

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    FAQs

    What type of property is this?
    Land - Prime 0.619-acre pad-ready site. High traffic area.
    Where is this land located?
    The property is located at 5835 Virginia Ave Hwy 220 Bassett, VA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Outparcel in Bassett Forks Shopping Center, anchored by Food Lion.; High traffic count: 17,000 ADT on nearby Bypass 220.; Adjacent to McDonald's outparcel.
    Request Owner's contact information
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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
    5835 Virginia Ave Hwy 220 Bassett, VA 24055
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