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Property profile & analytics
OFF-MARKET
Land

58 Lot 1 Hwy Norton, VA 24273

4.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.644-acre commercial land parcel presents a remarkable investment opportunity in Norton, Virginia. Strategically located on Highway 58, this elevated site boasts significant visibility and accessibility, benefiting from an estimated 12,000 vehicles passing daily. The B3 zoning allows for a diverse range of commercial uses, including medical facilities, retail establishments, and office spaces, offering considerable development potential. Infrastructure is readily available at the roadside, and the property's size allows for potential subdivision. The asking price is $525,000, translating to approximately $113,146.55 per acre. The property's location in the heart of Norton ensures high traffic volume and convenient access to local amenities. Its elevated position provides excellent visibility and a commanding presence along Highway 58. The parcel is identified by APN 469-A-3. All provided information is based on tax records and owner data and should be independently verified. This prime location and flexible zoning make this an exceptional opportunity for commercial development in a thriving community. Don't miss this chance to secure a prominent position in Norton's commercial landscape.

Property profile
Verified
Property type Land
Lot 4.64 ac (202,293 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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