58 Lot 2 Hwy Norton, VA 24273
This exceptional 5.799-acre commercial land parcel presents a remarkable investment opportunity in Norton, Virginia. Strategically located on Highway 58, this elevated site boasts significant visibility with an estimated 12,000 vehicles passing daily. The B3 zoning allows for a diverse range of commercial uses, including medical facilities, retail establishments, and office spaces. Infrastructure is readily available at the roadside, and the property offers the potential for subdivision, enhancing its development flexibility. The asking price is $495,000, translating to approximately $85,344.83 per acre. This prime location in the heart of Norton ensures high traffic volume and excellent accessibility. The property's size and zoning make it ideal for a variety of commercial ventures. The parcel's APN is 469-A-2. All provided information is derived from tax records and owner data and should be independently verified. This is a rare opportunity to acquire a highly visible and versatile commercial property in a thriving Virginia community. Don't miss out on this chance to secure a prominent location for your business or investment portfolio.
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
Similar Nearby for Sale
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.