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    College Est Rd Cedar Bluff, VA 24609

    Sponsored
    For Sale
    Contact for pricing

    0.75-acre commercial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.75-acre commercial lot is situated in the desirable College Estates Subdivision in Cedar Bluff, Virginia, at the intersection of Varney Street and College Estates Road (Rt 603). The property boasts a convenient location near Southwest Virginia Community College, offering high visibility and potential for a variety of commercial uses. While zoned for residential building, the subdivision ordinances prohibit single or double-wide homes, opening opportunities for unique commercial development. Although the plat map is somewhat difficult to interpret, the lot lines are clearly defined due to the adjacent property's fencing. Public water and sewer services are available, although connection fees remain outstanding. The lot fronts on Rt 609, providing excellent road frontage and accessibility. The listed acreage of 0.75 acres is based on information obtained from the courthouse records. Detailed subdivision plat maps are included in the provided photographs for thorough review. This property presents a rare opportunity for an astute investor seeking a strategically located commercial parcel in a growing area. The asking price is $25,000. Don't miss this chance to acquire this valuable piece of land in Cedar Bluff, VA, zip code 24609.

    Property Features for 0 College Est Rd

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • $25,000 asking price.
    • 0.75‑acre commercial land parcel.
    • Located in Cedar Bluff, Virginia, at the intersection of Varney Street and College Estates Road (Rt 603).
    • Near Southwest Virginia Community College.
    • Public water and sewer available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cedar Bluff
    County
    Tazewell
    State
    Virginia
    Longitude
    -81.7903542
    Latitude
    37.0007773

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    FAQs

    What type of property is this?
    Land - 0.75-acre commercial lot, excellent location.
    Where is this land located?
    The property is located at College Est Rd Cedar Bluff, VA.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: $25,000 asking price.; 0.75-acre commercial land parcel.; Located in Cedar Bluff, Virginia, at the intersection of Varney Street and College Estates Road (Rt 603).
    (276) 964-6507
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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

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    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
    College Est Rd Cedar Bluff, VA 24609
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