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    OFF-MARKET
    Land

    0 Monroe Rd, Damascus, VA 24236

    0.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 0.39-acre commercial lot in Damascus, Virginia, presents a unique opportunity. Located on Monroe Rd (Route 91) in the Green Acres Subdivision, this level building lot offers convenient access to local amenities. Situated just 1.5 miles from Damascus' town limits and a half-mile from the South Fork of the Holston River, the property enjoys a peaceful yet accessible location. Recently cleared, the lot retains select trees for privacy and shade, and features added gravel for easy access. A new plat is available for review. The property benefits from public water and cable services. Its proximity to Holston High School, Rhea Valley Elementary School, and Damascus Middle School makes it an attractive location. Adjacent farmland and existing fencing enhance the property's appeal. Priced at $27,900, this lot is ideal for those seeking a blend of rural tranquility and convenient access to schools and town amenities.

    Property profile
    Verified
    Property type Land
    Lot 0.39 ac (16,988 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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