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    OFF-MARKET
    Mixed-use properties

    0 Read Mountain Rd, Cloverdale, VA 24077

    3.55 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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