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Property profile & analytics
OFF-MARKET
Land

0 Greensboro Rd Ridgeway, VA 24148

2.8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.798-acre commercial land parcel presents a prime development opportunity in Ridgeway, Virginia. Strategically located on US 220, directly across from the Martinsville Speedway and adjacent to the Virginia State Police Office, this property boasts unparalleled visibility and accessibility. The site is zoned B1-Commercial and offers ample space for a substantial development, exceeding the capacity for a 10,000 square foot building, as evidenced by an available conceptual site plan. With a daily traffic count on US 220 exceeding 16,000 vehicles, this location guarantees high exposure for any commercial venture. Convenient access is ensured via a stoplight at Fisher Farm Drive. Utilities, including sewer, are readily available nearby on Fisher Farm Road. This property's combination of high visibility, convenient access, and flexible zoning makes it an ideal investment for a variety of commercial uses. The asking price is $275,000. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving location.

Property profile
Verified
Property type Land
Lot 2.8 ac (121,881 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
AI Approach AI
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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