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    Lot 2 Hwy 58 Norton, VA 24273

    Sponsored
    For Sale
    $495,000

    5.8 Acres, Hwy 58 Exposure, B3 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.799-acre commercial land parcel presents a remarkable investment opportunity in Norton, Virginia. Strategically located on Highway 58, this elevated site boasts significant visibility with an estimated 12,000 vehicles passing daily. The B3 zoning allows for a diverse range of commercial uses, including medical facilities, retail establishments, and office spaces. Infrastructure is readily available at the roadside, and the property offers the potential for subdivision, enhancing its development flexibility. The asking price is $495,000, translating to approximately $85,344.83 per acre. This prime location in the heart of Norton ensures high traffic volume and excellent accessibility. The property's size and zoning make it ideal for a variety of commercial ventures. The parcel's APN is 469-A-2. All provided information is derived from tax records and owner data and should be independently verified. This is a rare opportunity to acquire a highly visible and versatile commercial property in a thriving Virginia community. Don't miss out on this chance to secure a prominent location for your business or investment portfolio.

    Property Features for 0 Lot 2 Hwy 58

    General Information

    Property type
    Land
    Lot Size
    252,604 SF

    HighLights

    • $495,000 asking price.
    • 5.799‑acre commercial land parcel.
    • B3 zoning.
    • $85,344.83 per acre land value.
    • Located at Lot 2 Hwy 58, Norton, VA 24273 (APN 469‑A‑2).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norton
    County
    Norton
    State
    Virginia
    Longitude
    -82.6161674
    Latitude
    36.9381353

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    FAQs

    What type of property is this?
    Land - 5.8 Acres, Hwy 58 Exposure, B3 Zoning
    Where is this land located?
    The property is located at Lot 2 Hwy 58 Norton, VA.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price.; 5.799-acre commercial land parcel.; B3 zoning.
    Request Owner's contact information
    Lot 2 Hwy 58 Norton, VA 24273
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    Norton, VA 24273
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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
    Lot 2 Hwy 58 Norton, VA 24273
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