5835 Virginia Ave Hwy 220 Bassett, VA 24055
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.
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.
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.