Property profile

323 Madine Way Fincastle, VA 24090

OFF-MARKET
Land
0.78 ac lot
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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

Location

323 Madine Way Fincastle, VA 24090
Fincastle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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