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    938 Shenandoah Ave Elkton, VA 22827

    Sponsored
    For Sale
    $84,900

    .75-Acre B2 Zoned Lot, Excellent Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.758-acre commercial lot presents a remarkable investment opportunity in the thriving Elkton, Virginia market. Ideally situated adjacent to Shen Elk Plaza, this property boasts unparalleled visibility and accessibility, ensuring high traffic exposure for any prospective business. The lot is conveniently located at 938 Shenandoah Ave, Elkton, VA 22827, offering easy access to major roadways and a dense population base. Zoned B2, this versatile parcel allows for a wide range of commercial development possibilities, making it suitable for various businesses and ventures. The flat terrain simplifies construction and minimizes site preparation costs, further enhancing its appeal to developers and investors. Its proximity to Shen Elk Plaza provides immediate access to existing commercial infrastructure and a built-in customer base. This prime location, combined with the generous lot size and favorable zoning, makes this property an exceptional opportunity for those seeking a strategic investment in a rapidly growing area. The address is precisely 938 Shenandoah Ave, Elkton, VA 22827, within Rockingham County. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The asking price is $84,900.

    Property Features for 938 Shenandoah Ave

    General Information

    Property type
    Land
    Lot Size
    33,018 SF

    HighLights

    • $84,900 asking price for this commercial land parcel.
    • 0.758‑acre lot.
    • B2 zoning.
    • Located in Elkton, Virginia, at 938 Shenandoah Ave.
    • Situated adjacent to Shen Elk Plaza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkton
    County
    Rockingham
    State
    Virginia
    Longitude
    -78.6207999
    Latitude
    38.4177109

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    FAQs

    What type of property is this?
    Land - .75-Acre B2 Zoned Lot, Excellent Visibility
    Where is this land located?
    The property is located at 938 Shenandoah Ave Elkton, VA.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: $84,900 asking price for this commercial land parcel.; 0.758-acre lot.; B2 zoning.
    Request Owner's contact information
    938 Shenandoah Ave Elkton, VA 22827
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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
    938 Shenandoah Ave Elkton, VA 22827
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