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    1021 Stuart Dr Galax, VA 24333

    Sponsored
    For Sale
    $525,000

    4.14 acres, prime commercial development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.14-acre commercial land parcel presents a significant development opportunity in Galax, Virginia. Located on the heavily trafficked US 58 and 221 corridor, this B-2 zoned property enjoys a prime location adjacent to a Goodwill Industries development. The site is situated amongst a thriving retail environment, including Walmart, McDonald's, Lowe's, Applebee's, Arby's, Hampton Inn, and Tractor Supply. An existing storage building is located on the property, offering potential for immediate income generation. The seller will consider leasing the property "as is" for $2,500 per month. This property offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price has been reduced to $525,000, representing a compelling investment opportunity in a high-demand location. Detailed survey available upon request. Don't miss this chance to secure a prominent position in a flourishing commercial area.

    Property Features for 1021 Stuart Dr

    General Information

    Property type
    Land
    Lot Size
    180,338 SF

    HighLights

    • 4.14‑acre commercial land parcel in Galax, VA.
    • High‑traffic US 58 & 221 location, B‑2 zoning.
    • Adjacent to Goodwill Industries, near Walmart, McDonald's, Lowe's, and other national retailers.
    • Existing storage building with potential for immediate income; seller will lease for $2,500/month.
    • Reduced asking price: $525,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Galax
    County
    Galax city
    State
    Virginia
    Longitude
    -80.890289198187
    Latitude
    36.684189604608

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    FAQs

    What type of property is this?
    Land - 4.14 acres, prime commercial development
    Where is this land located?
    The property is located at 1021 Stuart Dr Galax, VA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 4.14-acre commercial land parcel in Galax, VA.; High-traffic US 58 & 221 location, B-2 zoning.; Adjacent to Goodwill Industries, near Walmart, McDonald's, Lowe's, and other national retailers.
    (540) 857-5858
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    1021 Stuart Dr Galax, VA 24333
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    Galax, VA 24333
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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
    1021 Stuart Dr Galax, VA 24333
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