5835 Virginia Ave Hwy 220 Bassett, VA 24055
- Land
- 0.62 lot acres
Current Use by Public Records
- Land
Property Details for 5835 Virginia Ave Hwy 220
- Lot size
- 0.62 lot acres
- Property type
- Land
Description
This exceptional 0.619-acre commercial land parcel presents a unique investment opportunity in Bassett, Virginia. Located at 5835 Virginia Avenue (Hwy 220 N By-Pass), this outparcel is situated within the established Bassett Forks Shopping Center, anchored by a Food Lion grocery store. The property boasts a highly desirable location, benefiting from significant traffic volume, with an average daily traffic count of 17,000 vehicles on Highway 220 North Bypass in 2018. Its adjacency to a McDonald's outparcel further enhances its visibility and accessibility. The site is pad-ready, simplifying development, and is estimated to accommodate a building of up to 7,000 square feet. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet. All necessary utilities are readily available, making this a truly turnkey opportunity for immediate development. The asking price for this strategically located parcel is $250,000. Don't miss this chance to secure a prime commercial location in a thriving retail area. The property is zoned for commercial use and offers excellent potential for a variety of businesses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bassett
- County
- Franklin
- State
- Virginia
- Longitude
- -79.9391
- Latitude
- 36.7489
