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    Town Center St Daleville, VA 24083

    Sponsored
    For Sale
    $2,550,000

    Prime Commercial Lots, VA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering encompasses two commercial land parcels totaling 5.81 acres within the thriving Daleville Town Center in Botetourt County, Virginia. Strategically located on Town Center Street, these lots boast unparalleled visibility from Route 220, experiencing high daily traffic counts (25,000 vehicles). The property's zoning (TND B1 B2 B3) permits a diverse range of commercial uses, including retail, restaurants, and offices, along with mixed-density residential development. The site benefits from its position within a vibrant, pedestrian-friendly community, already home to a diverse mix of established businesses such as a YMCA, bank, medical facility, coffee shop, tap house, and other retail establishments. The Daleville Town Center is also slated to welcome a new Hampton Inn, further enhancing the area's appeal and attracting increased foot traffic. This location offers easy access to Interstate 81 (2 miles), serving Botetourt County, Roanoke City and County, and surrounding areas including Vinton and Bonsack. The development potential is significant, presenting a unique opportunity for businesses seeking a high-visibility location in a rapidly growing and desirable area of the Blue Ridge Mountains. The property's proximity to residential areas, including apartments, townhomes, and single-family residences, creates a built-in customer base. The asking price for this exceptional opportunity is $2,550,000.

    Property Features for 0 Town Center St

    General Information

    Property type
    Land
    Lot Size
    253,084 SF

    HighLights

    • 1.59‑acre graded corner lot at Glebe Rd and Hwy 220, ideal for retail or office development with excellent visibility.
    • 6.39‑acre parcel in Daleville Town Center, fronting Glebe Rd with multiple access points, future site of a Hampton Inn.
    • High‑traffic location with 25,000 vehicles per day, offering a live/work potential within a pedestrian‑friendly, mixed‑use environment including a cultural venue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Daleville
    County
    Botetourt
    State
    Virginia
    Longitude
    -79.911502928852
    Latitude
    37.418754301582

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lots, VA
    Where is this land located?
    The property is located at Town Center St Daleville, VA.
    What is the asking price?
    The asking price for this property is $2,550,000.
    What are key features of this property?
    This property features: 1.59-acre graded corner lot at Glebe Rd and Hwy 220, ideal for retail or office development with excellent visibility.; 6.39-acre parcel in Daleville Town Center, fronting Glebe Rd with multiple access points, future site of a Hampton Inn.; High-traffic location with 25,000 vehicles per day, offering a live/work potential within a pedestrian-friendly, mixed-use environment including a cultural venue.
    Request Owner's contact information
    Town Center St Daleville, VA 24083
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    Daleville, VA 24083
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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
    Town Center St Daleville, VA 24083
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