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    81 Exit 29 Glade Spring, VA 24340

    Sponsored
    For Sale
    $99,000

    Prime Interstate 81 lot, 0.78 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 0.78-acre commercial lot, located in Glade Spring, Virginia, presents a compelling investment opportunity. Situated just off Interstate 81, Exit 29, this property boasts exceptional visibility and accessibility. The B-2 zoning allows for a variety of commercial uses, making it suitable for numerous business ventures. The site benefits from readily available utilities, including water, sewer, and electricity connections. Its strategic location near Lee Highway (US 11) further enhances its appeal. High traffic counts are a key feature, with Interstate 81 boasting a daily volume of 32,000 vehicles and Maple Street seeing 8,200 vehicles per day. The surrounding area is home to established businesses such as Petro Travel Center, Marathon Gas, Subway, Dollar General, Wendy's, Econo Lodge, Peterbilt, and Arby's, indicating a thriving commercial environment. The median household income in Glade Spring is $70,000, suggesting a strong consumer base. The property's APN is 069-A-44, and it is held under corporate ownership. This well-maintained lot offers significant potential for growth and return on investment. The asking price is $99,000.

    Property Features for 81 Exit 29

    General Information

    Property type
    Land
    Lot Size
    33,977 SF

    HighLights

    • $99,000 asking price.
    • 0.78‑acre commercial land parcel.
    • B‑2 zoning.
    • Located off Interstate 81, Exit 29, Glade Spring, VA.
    • Excellent visibility and access; nearby businesses include national chains.
    • Water, sewer, and electricity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glade Spring
    County
    Washington
    State
    Virginia
    Longitude
    -81.780602
    Latitude
    36.770798

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    FAQs

    What type of property is this?
    Land - Prime Interstate 81 lot, 0.78 acres.
    Where is this land located?
    The property is located at 81 Exit 29 Glade Spring, VA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: $99,000 asking price.; 0.78-acre commercial land parcel.; B-2 zoning.
    Request Owner's contact information
    81 Exit 29 Glade Spring, VA 24340
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    Glade Spring, VA 24340
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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
    81 Exit 29 Glade Spring, VA 24340
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