0 Elm View Rd Cave Spring, VA 24018

OFF-MARKET

Land

52.56 ac lot

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This exceptional 52.56-acre commercial land parcel presents a remarkable investment opportunity in the heart of Southwest Roanoke County, Virginia. Strategically located near Route 419, this property boasts convenient access to Tanglewood Mall, a variety of shopping and dining options, and proximity to Carilion and Lewis-Gale Hospitals. The property's zoning offers significant flexibility, encompassing R3 (37.34 acres) for medium-density multi-family residential development and C1 and C2C (15.22 acres) for commercial ventures. This diverse zoning allows for a wide range of development possibilities, catering to both residential and commercial needs. The asking price is $3,101,040, translating to a land value of $59,635 per acre. Utilities are readily available, with public water, sewer, and gas services accessible. The property's address is 0 Elm View Rd, Cave Spring, VA 24018. Detailed parcel IDs are available upon request. This prime location and versatile zoning make this a truly exceptional opportunity for investors seeking high-return potential in a thriving area. Don't miss this chance to acquire a significant land holding with immense development possibilities.

Property type Land

Lot 52.56 ac (2,289,514 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Elm View Rd Cave Spring, VA 24018

Cave Spring metro

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Comparables

6 recent transactions · within 1.5 mi

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