Property profile

Tbd-1 Main St Broadway, VA 22815

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-acre commercial lot presents a remarkable opportunity for investors and developers. Located at TBD-1 S Main St in Broadway, Virginia (zip code 22815), this property boasts convenient public road access, eliminating the need for costly infrastructure development. The asking price is $275,000. Its ideal location within the town of Broadway makes it highly visible and attractive to a wide range of businesses. The zoning allows for diverse commercial uses, including medical facilities, office spaces, and restaurants, subject to the necessary approvals from the town. The 1-acre parcel provides ample space for construction, allowing for flexibility in design and building size. This property is situated at latitude 38.6130566 and longitude -78.799097, within Rockingham County. Given its size, location, and permitted uses, this lot represents a strong investment potential with significant upside for future growth. The existing infrastructure and zoning make this a turn-key opportunity for a quick start on your commercial venture. Serious inquiries are encouraged to explore this promising development prospect. This is a rare opportunity to acquire a prime commercial lot in a thriving Virginia town.

Property profile

Verified
Property type Land
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

Tbd-1 Main St Broadway, VA 22815
Broadway metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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