0 Cary St Grottoes, VA 24441
This exceptional 2.89-acre commercial land parcel in Grottoes, Virginia, presents a unique investment opportunity. Located on Cary Street, in Rockingham County, zip code 24441 (latitude 38.261731, longitude -78.816659), this property offers the potential for the development of five individual building lots. The asking price is $250,000. The site boasts stunning mountain views, making it an attractive location for residential construction. All five lots will be sold together as a single package, ideal for contractors seeking a multi-unit project. This presents a timely opportunity given the current low housing inventory in the area. Public water and sewer services are anticipated upon final county approval. This property is zoned for commercial use and is ready for immediate development. Don't miss this chance to capitalize on the growing demand for housing in this desirable Virginia 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
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.