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    Lynn Dr Gate City, VA 24251

    For Sale
    $359,900

    1.5-Acre Commercial Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.5-acre +/- vacant lot presents a unique investment opportunity in the thriving Gate City, Virginia market. Located on East Jackson Street, this commercially zoned property boasts a highly desirable location adjacent to Thriftway Grocery, ensuring high visibility and convenient access. Previously utilized as a parking lot, the land offers immediate potential for a variety of commercial ventures. Its level topography simplifies development, minimizing site preparation costs and expediting project timelines. The property's address is Lynn Drive, Gate City, VA 24251, within Scott County. The asking price is $359,900. Given its prime location and commercial zoning, this lot is perfectly suited for businesses seeking a high-traffic location with excellent visibility. The strategic placement next to an established grocery store guarantees a steady flow of potential customers. This is a rare opportunity to acquire a ready-to-develop commercial lot in a growing community. The property's size and location make it ideal for a range of commercial uses, from retail establishments to small-scale commercial developments. Serious inquiries are encouraged to explore the full potential of this exceptional property. Further details are available upon request.

    Property Features for 0 Lynn Dr

    General Information

    Property type
    Farms
    Lot Size
    65,340 SF

    HighLights

    • 1.5+ acre commercially zoned vacant lot in Gate City, VA, priced at $359,900.
    • Located on Lynn Drive (near East Jackson Street) with high visibility adjacent to Thriftway Grocery.
    • Level topography simplifies development, minimizing site preparation costs.
    • Previously used as a parking lot, ideal for various commercial uses.
    • High‑traffic location in a growing community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gate City
    County
    Scott
    State
    Virginia
    Longitude
    -82.5698829
    Latitude
    36.6441783

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - 1.5-Acre Commercial Lot, Prime Location
    Where is this farm located?
    The property is located at Lynn Dr Gate City, VA.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: 1.5+ acre commercially zoned vacant lot in Gate City, VA, priced at $359,900.; Located on Lynn Drive (near East Jackson Street) with high visibility adjacent to Thriftway Grocery.; Level topography simplifies development, minimizing site preparation costs.
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    Lynn Dr Gate City, VA 24251
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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
    Lynn Dr Gate City, VA 24251
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