0 Read Mountain Rd, Cloverdale, VA 24077
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.