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    205 Jarratt Ave Jarratt, VA 23867

    For Sale
    $394,900

    9,600 sq ft Commercial Land, VA

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 9,600 square foot commercial land parcel at 205 Jarratt Ave., Jarratt, VA 23867, is offered at $394,900. The property currently features three leased commercial spaces on the lower level: one occupied by a nurse educator, one by a beauty/cosmetology school, and one serving as a community shelter. Upstairs, four one-bedroom apartments, each with a large living room, kitchen, and full bathroom, provide residential income. Two apartments are currently leased, with a waiting list for the remaining two. One additional commercial space is available, currently occupied by the on-site building manager. The property is being sold AS-IS. This mixed-use property offers immediate income generation, situated on a high-traffic road near I-95, presenting a strong investment opportunity. Consider this property for 1031 exchange funds. The property's location and existing tenant base provide a guaranteed income stream upon purchase.

    Property Features for 205 Jarratt Ave

    General Information

    Property type
    Land
    Square Feet
    9,600 SF

    HighLights

    • $394,900 asking price.
    • 9,600 square foot land parcel.
    • Located at 205 Jarratt Ave., Jarratt, VA 23867.
    • Commercial and residential income‑producing property; currently features three leased commercial spaces and four leased residential apartments.
    • Sold AS‑IS.
    Property Profile Location Intelligence

    Current Use by Public Records

    Push Faith House Homeless Shelter ALW Healthcare Training Training Centre Jarrett Medical Center Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Hotel & Motel Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Jarratt
    County
    Sussex
    State
    Virginia
    Longitude
    -77.4687183
    Latitude
    36.8142735

    Nearby Comparable

    • $499,000

      I-95 Frontage Land Opportunity

      55+/- acres with I-95 frontage near Jarratt, Virginia.
      255158 Willway Ln, Jarratt, VA
      View Details
    • $650,000

      Jarratt I-95 Commercial Land

      55+ acres, I-95 frontage, high traffic.
      0 Willway Ln, Jarratt, VA 23867
      View Details
    • $89,900

      Land Available on Blue Star

      Land for sale on Blue Star Highway, Jarratt, VA
      104 Blue Star Hwy, Jarratt, VA 23867
      View Details
    • $269,000
      Pending

      Newer Home on Corner Lot

      Modern 2022 home with granite countertops and spacious living area.
      107 Carey St, Jarratt, VA 23867
      View Details

    Nearby Similar for Sale

    • $269,000
      Pending

      Newer Home on Corner Lot

      Modern 2022 home with granite countertops and spacious living area.
      107 Carey St, Jarratt, VA 23867
      View Details

    FAQs

    What type of property is this?
    Land - 9,600 sq ft Commercial Land, VA
    Where is this land located?
    The property is located at 205 Jarratt Ave Jarratt, VA.
    What is the asking price?
    The asking price for this property is $394,900.
    What are key features of this property?
    This property features: $394,900 asking price.; 9,600 square foot land parcel.; Located at 205 Jarratt Ave., Jarratt, VA 23867.
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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
    205 Jarratt Ave Jarratt, VA 23867
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