81 Exit 29 Glade Spring, VA 24340
This 0.78-acre commercial lot, located in Glade Spring, Virginia, presents a compelling investment opportunity. Situated just off Interstate 81, Exit 29, this property boasts exceptional visibility and accessibility. The B-2 zoning allows for a variety of commercial uses, making it suitable for numerous business ventures. The site benefits from readily available utilities, including water, sewer, and electricity connections. Its strategic location near Lee Highway (US 11) further enhances its appeal. High traffic counts are a key feature, with Interstate 81 boasting a daily volume of 32,000 vehicles and Maple Street seeing 8,200 vehicles per day. The surrounding area is home to established businesses such as Petro Travel Center, Marathon Gas, Subway, Dollar General, Wendy's, Econo Lodge, Peterbilt, and Arby's, indicating a thriving commercial environment. The median household income in Glade Spring is $70,000, suggesting a strong consumer base. The property's APN is 069-A-44, and it is held under corporate ownership. This well-maintained lot offers significant potential for growth and return on investment. The asking price is $99,000.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.