Property profile

2250 Lee Hwy Service Rd Cloverdale, VA 24077

OFF-MARKET
Land
2.52 ac lot
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Property summary

AI-generated overview

Exceptional commercial land opportunity in Cloverdale, Virginia. This 2.52-acre parcel, identified as APN 101(11)16, is priced at $550,000 and boasts approximately 500 feet of road frontage on Lee Highway (Rt. 11). The property is zoned B-3, offering a wide range of potential commercial uses. Its level topography makes development straightforward. The location provides excellent visibility and accessibility, with convenient access to major highways and interstates, ensuring high traffic volume and strong potential for business success. This prime commercial land presents a rare chance to establish a thriving enterprise in a high-demand area. The property's size and zoning make it suitable for a variety of commercial ventures. Serious inquiries are encouraged. The listed price reflects the combined value of both parcels 101(11)16 and 101(11)18A. Individual lot pricing is also available.

Property profile

Verified
Property type Land
Lot 2.52 ac (109,771 SF)

Cap rate & NOI

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

Location

2250 Lee Hwy Service Rd Cloverdale, VA 24077
Cloverdale metro
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Value estimations

Realmo proprietary · 4 methods
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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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