0 Greensboro Rd Ridgeway, VA 24148
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.
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
Similar Nearby for Lease
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.