Property profile

0 College Estates Rd Cedar Bluff, VA 24609

OFF-MARKET
Land
0.75 ac lot
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Property summary

AI-generated overview

This exceptional 0.75-acre commercial lot is situated in the desirable College Estates Subdivision in Cedar Bluff, Virginia, at the intersection of Varney Street and College Estates Road (Rt 603). The property boasts a convenient location near Southwest Virginia Community College, offering high visibility and potential for a variety of commercial uses. While zoned for residential building, the subdivision ordinances prohibit single or double-wide homes, opening opportunities for unique commercial development. Although the plat map is somewhat difficult to interpret, the lot lines are clearly defined due to the adjacent property's fencing. Public water and sewer services are available, although connection fees remain outstanding. The lot fronts on Rt 609, providing excellent road frontage and accessibility. The listed acreage of 0.75 acres is based on information obtained from the courthouse records. Detailed subdivision plat maps are included in the provided photographs for thorough review. This property presents a rare opportunity for an astute investor seeking a strategically located commercial parcel in a growing area. The asking price is $25,000. Don't miss this chance to acquire this valuable piece of land in Cedar Bluff, VA, zip code 24609.

Property profile

Verified
Property type Land
Lot 0.75 ac (32,670 SF)

Cap rate & NOI

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

Location

College Estates Rd Cedar Bluff, VA 24609
Cedar Bluff metro
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Value estimations

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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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