168 County Dr Wakefield, VA 23888
This exceptional commercial property in Wakefield, Virginia, presents a unique investment opportunity. Located at 168 County Drive, the 0.39-acre lot features two existing small buildings, offering significant potential for redevelopment or adaptive reuse. The property boasts a fascinating history, with one building reportedly having served as a military watchtower. This historical element adds character and potential for unique branding or marketing strategies. The buildings' current condition and square footage are not specified, requiring a thorough on-site inspection to determine their suitability for various commercial uses. The location within the town of Wakefield provides access to local amenities and infrastructure. The asking price of $70,000 makes this an attractive proposition for investors seeking a project with historical significance and redevelopment potential. Given the property's size and existing structures, it could be suitable for a variety of commercial ventures, from small retail spaces to office use, subject to local zoning regulations and necessary permits. Serious inquiries are encouraged to conduct due diligence and explore the possibilities this unique property offers. The property is sold as-is.
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.