0 Tbd Stuarts Draft Hwy Stuarts Draft, VA 24477
This exceptional 19.04-acre commercial and residential land parcel presents a unique investment opportunity in Stuarts Draft, Virginia (zip code 24477). Located on TBD Stuarts Draft Highway, this property boasts a prime location with high visibility and accessibility, experiencing over 13,000 vehicles daily. A potential access point off Route 340 adds to its strategic advantage. The permitted zoning allows for multifamily development, and a conceptual site plan (not yet approved) suggests a high-density project with the possibility of four-story buildings. Alternatively, the acreage is well-suited for townhouse or condominium construction. The asking price is $3,000,000. The site's proximity to amenities is a significant draw, with easy walking distance to urgent care facilities, a Food Lion grocery store, various restaurants, and a new Starbucks. While the current site plan is conceptual, it incorporates potential water management solutions, directing flow to a county pond on an adjacent property. This property offers developers a chance to create a thriving community in a highly desirable location. Serious inquiries only.
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
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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.