0 Tbd Cary St Grottoes, VA 24441
This exceptional 2.89-acre commercial land parcel in Grottoes, Virginia, presents a unique investment opportunity. Located at TBD Cary St, 24441, this property offers the potential for the development of five individual buildable lots, each commanding breathtaking mountain views. The entire 2.89-acre tract will be sold as a single package, making it an ideal acquisition for a contractor or developer seeking a substantial project. The high demand for housing in the area, coupled with the low inventory, ensures a strong potential for rapid sales and significant return on investment. This is a turnkey opportunity, with public water and sewer services available upon final county approval. The property's prime location in Rockingham County, Virginia, provides easy access to local amenities and transportation routes. This is a rare chance to capitalize on the current market conditions and create a thriving residential community. The stunning mountain vistas add significant value and appeal to the future homesites. Don't miss this chance to secure this exceptional commercial land parcel.
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.