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Property profile & analytics
OFF-MARKET
Land

5835 Virginia Ave Hwy 220 Bassett, VA 24055

0.62 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.62 ac (26,964 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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