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    179 Jonesboro Rd Abingdon, VA 24210

    Sponsored
    For Sale
    $995,900

    2.8 Acres, I-81 Visibility, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.8-acre development site in Abingdon, Virginia, presents a unique investment opportunity. Located at I-81, Exit 14, this property boasts unparalleled interstate visibility and high traffic counts, making it ideal for a variety of commercial ventures. Its strategic location places it across the street from Virginia Highlands Community College and Heartwood, a popular Southwest Virginia tourist destination, ensuring a consistent flow of potential customers. The area is already well-established with existing businesses including a Comfort Inn, Comfort Suites, and McDonald's, indicating a thriving commercial environment. The property itself sits above grade, offering stunning mountain views and currently features three buildings, each leased on a month-to-month basis. This presents flexibility for immediate income generation or redevelopment. The seller is open to considering lease-purchase options and partial owner financing, making this an accessible opportunity for various investors. The property's APN is 17342, and the address is 179 Jonesboro Rd, Abingdon, VA 24210. The newly completed I-81 cloverleaf further enhances accessibility and visibility. This is a rare chance to acquire a highly visible and strategically located property in a growing area. The asking price is $995,900.

    Property Features for 179 Jonesboro Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    121,968 SF

    HighLights

    • $995,900 asking price.
    • 2.8‑acre development site in Abingdon, VA.
    • Multi‑family, hospitality, and commercial development potential.
    • High‑traffic location near I‑81, Exit 14, with excellent visibility.
    • Currently features three month‑to‑month rental buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Abingdon
    County
    Washington
    State
    Virginia
    Longitude
    -82.0130963
    Latitude
    36.6951807

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    FAQs

    What type of property is this?
    Multifamily property - 2.8 Acres, I-81 Visibility, High Traffic
    Where is this multifamily property located?
    The property is located at 179 Jonesboro Rd Abingdon, VA.
    What is the asking price?
    The asking price for this property is $995,900.
    What are key features of this property?
    This property features: $995,900 asking price.; 2.8-acre development site in Abingdon, VA.; Multi-family, hospitality, and commercial development potential.
    Request Owner's contact information
    179 Jonesboro Rd Abingdon, VA 24210
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    Abingdon, VA 24210
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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
    179 Jonesboro Rd Abingdon, VA 24210
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