Property summary
This exceptional 3.55-acre parcel, located at the intersection of Read Mountain Road and Norfolk & Western Avenue in Cloverdale, Virginia (zip code 24077), presents a unique investment opportunity. Currently zoned R-1, the property offers significant potential for redevelopment. Botetourt County has expressed willingness to consider rezoning applications to either B2 or B3 classifications, opening doors to a wider range of commercial and mixed-use development possibilities. The land itself is relatively flat and well-situated, although some tree removal may be necessary to prepare the site for construction. The property's APN is 107-123. This prime location offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The asking price for this exceptional development opportunity is $355,000. Don't miss this chance to acquire a strategically located parcel with substantial upside potential in a growing area. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning