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Property profile & analytics
OFF-MARKET
Land

323 Madine Way Fincastle, VA 24090

0.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.78-acre commercial development lot is strategically located in Fincastle, Virginia, at the corner of US 220 (Roanoke Road) and Madine Way. Currently zoned A-1, the property is proposed for B-1 zoning, ideal for local and neighborhood shopping, personal service businesses, and professional offices. The B-1 zoning is designed to minimize traffic and avoid disturbing nearby residential areas. This lot boasts significant frontage on US 220 and Madine Way, including an existing curb cut, providing excellent visibility and accessibility. Its prime location is directly across S Roanoke Street from the US Post Office and across US 220 from the Fincastle Fire Department, ensuring high traffic and visibility. Utilities are readily available, including public water, sewer, and natural gas. The property is also subject to the Town of Fincastle Enhancement Corridor Overlay District. The asking price for this exceptional development opportunity is $195,000. The APN is 73A-38. This property presents a unique chance to establish a thriving business in a high-traffic, well-established community.

Property profile
Verified
Property type Land
Lot 0.78 ac (33,977 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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