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    8901 George Washington Memorial Hwy Yorktown, VA 23692

    For Sale
    $685,000

    Two parcels, high visibility, Route 17

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial real estate opportunity presents two parcels totaling 1.24 to 2.7 acres of land available for sale, situated at 8901 and 9009 George Washington Memorial Highway in Yorktown, Virginia (zip code 23692). The property boasts a highly desirable location at a median break intersection, ensuring maximum visibility for any business. Each parcel can be purchased separately. The 1.24-acre parcel is priced at $215,000, while the larger 2.7-acre parcel is listed at $470,000. The combined asking price for both parcels is $685,000. The land value is $3.99 per square foot. The property is zoned LB (Limited Business), offering a range of potential uses. All utilities are available on-site. This strategic location offers 850 feet of frontage on Route 17, providing excellent access and exposure. The property is conveniently located across from York High School and a new senior community, ensuring a steady flow of potential customers. This is an ideal investment for developers or businesses seeking a high-traffic location in a thriving community.

    Property Features for 8901 George Washington Memorial Hwy

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • Two parcels available on Route 17
    • Each parcel available for separate purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Yorktown
    County
    York
    State
    Virginia
    Longitude
    -76.497658
    Latitude
    37.200037

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    FAQs

    What type of property is this?
    Land - Two parcels, high visibility, Route 17
    Where is this land located?
    The property is located at 8901 George Washington Memorial Hwy Yorktown, VA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Two parcels available on Route 17; Each parcel available for separate purchase.;
    Request Owner's contact information
    8901 George Washington Memorial Hwy Yorktown, VA 23692
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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
    8901 George Washington Memorial Hwy Yorktown, VA 23692
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