This exceptional 5.04-acre commercial lot in Galax, Virginia, boasts prime New River frontage and a cleared homesite. Located within the New River Haven Community, it offers access to a shared common area featuring a gazebo, grill, and boat launch. The property is subject to covenants and restrictions, ensuring community integrity, and benefits from a road maintenance agreement covering the common area and private road. Its secluded setting provides ample opportunities for recreation, including fishing, kayaking, camping, hiking, and biking. Situated less than 20 minutes from Galax and 15 minutes from Independence, VA, this property offers a blend of tranquility and convenient access to nearby amenities and attractions. The lot encompasses 219,542 square feet and presents a unique investment opportunity. The Grayson County location (APN 55-6-5) and its proximity to charming towns make this a highly desirable property. The asking price is $145,000.
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
Physical attributes from public recordsZoning & alternative use
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.