Property summary
This 1,923-square-foot vacant shopping center in Elkton, Virginia, presents a unique investment opportunity. Located on Spotswood Trail, this single-story, Class B building sits on a one-acre lot and is an outparcel to a Food Lion shopping center, offering high visibility and convenient access off Route 33. Built in 1994, the property is currently vacant, allowing for renovation or redevelopment to suit a variety of commercial uses. The asking price is $495,000, which is $53,000 below the assessed value. The property's location offers excellent proximity to numerous established businesses, including Virginia ABC, Burger King, Advance Auto Parts, Verizon, and more, ensuring a strong customer base. Potential uses could include a brewery, food service establishment, or other retail ventures. The property offers 24-hour access and is conveniently located near Massanutten Resort amenities. This versatile property is available for sale or lease, making it an attractive option for both investors and entrepreneurs seeking a prime location in a thriving community. The property's size and location make it ideal for a variety of commercial uses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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