Property profile

414 Milroy Grose Rd Lansing, WV 25862

OFF-MARKET
Land
20 ac lot
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Property summary

AI-generated overview

This exceptional 20-acre commercial property, located at 414 Milroy Grose Rd, Lansing, WV 25862, presents a unique investment or owner-user opportunity. Strategically situated at the exit of Route 19, this land boasts high visibility and convenient access to the renowned New River Gorge and Bridge. The asking price is $1,500,000, translating to $60,000 per acre. The property includes existing structures, adding significant value to the offering. These structures comprise a former restaurant building and a 2,500 square foot warehouse featuring three roll-up doors, ideal for various commercial uses. Two cabins are also situated on the property. This versatile land parcel offers tremendous potential for a wide range of development projects, capitalizing on its prime location and existing infrastructure. The expansive acreage provides ample space for future expansion and development, making it an attractive proposition for businesses seeking a prominent presence in a rapidly growing area. This is a rare opportunity to acquire a substantial commercial land parcel in a highly desirable location. The combination of location, size, and existing structures makes this property a compelling investment. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 20 ac (871,200 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

414 Milroy Grose Rd Lansing, WV 25862
Lansing metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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