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    205 V C Dr Martinsville, VA 24112

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    For Sale
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    One-acre lot, ideal commercial development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional one-acre commercial land parcel presents a unique investment opportunity in the thriving Henry County, Virginia market. Strategically located just a short distance from the city limits of Martinsville, this property enjoys unparalleled accessibility and visibility. Its proximity to Commonwealth Boulevard, a major east-west thoroughfare, ensures high traffic volume and excellent exposure for any commercial venture. The site is situated less than a fifth of a mile from this key artery, providing convenient access for customers and employees. The surrounding area boasts a strong commercial presence, with established businesses such as Fastenal and Penske Truck Leasing nearby, indicating a robust and growing business environment. This location offers significant potential for a variety of commercial uses, from retail and office spaces to light industrial development. The one-acre lot provides ample space for construction and development, allowing for flexibility in design and functionality. The property's address is 205 V.C. Drive, Martinsville, VA 24112, within Henry County. This prime location, coupled with its proximity to major roadways and established businesses, makes this property an exceptional investment opportunity for discerning buyers seeking a strategic foothold in a dynamic commercial market. The property is ready for immediate development, offering a rare chance to capitalize on the area's growth potential.

    Property Features for 205 V C Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • One‑acre commercial land parcel in Henry County, VA.
    • Located near the intersection of V.C. Drive and Commonwealth Boulevard.
    • Proximity to established businesses such as Fastenal and Penske Truck Leasing.
    • Convenient access to Commonwealth Boulevard, a major east‑west thoroughfare.
    • Address: 205 V C Dr, Martinsville, VA 24112.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Pharmacy Clothing Store Skin Care Clinic Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.8953119
    Latitude
    36.6994547

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    FAQs

    What type of property is this?
    Land - One-acre lot, ideal commercial development
    Where is this land located?
    The property is located at 205 V C Dr Martinsville, VA.
    What are key features of this property?
    This property features: One-acre commercial land parcel in Henry County, VA.; Located near the intersection of V.C. Drive and Commonwealth Boulevard.; Proximity to established businesses such as Fastenal and Penske Truck Leasing.
    (276) 632-5325
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    205 V C 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
    205 V C Dr Martinsville, VA 24112
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