58 Lot 1 Hwy Norton, VA 24273
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.
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.