Property profile

14830 Spotswood Trl Elkton, VA 22827

OFF-MARKET
Lifestyle centers
1,923 SF 1 ac lot Built 1994
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Property summary

AI-generated overview

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

Verified
Property type Lifestyle centers
Year built 1994
Total area 1,923 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14830 Spotswood Trl Elkton, VA 22827
Elkton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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