1021 Stuart Dr Galax, VA 24333
This exceptional 4.14-acre commercial land parcel presents a significant development opportunity in Galax, Virginia. Located on the heavily trafficked US 58 and 221 corridor, this B-2 zoned property enjoys a prime location adjacent to a Goodwill Industries development. The site is situated amongst a thriving retail environment, including Walmart, McDonald's, Lowe's, Applebee's, Arby's, Hampton Inn, and Tractor Supply. An existing storage building is located on the property, offering potential for immediate income generation. The seller will consider leasing the property "as is" for $2,500 per month. This property offers unparalleled visibility and accessibility, making it ideal for a variety of commercial ventures. The asking price has been reduced to $525,000, representing a compelling investment opportunity in a high-demand location. Detailed survey available upon request. Don't miss this chance to secure a prominent position in a flourishing commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.