Property profile

0 Read Mountain Rd Cloverdale, VA 24077

OFF-MARKET
Mixed-use properties
3.55 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Mixed-use properties
Lot 3.55 ac (154,638 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Read Mountain Rd Cloverdale, VA 24077
Cloverdale metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Read Mountain Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message