123 Radio Rd Brookneal, VA 24528-3177
This exceptional 0.48-acre property at 123 Radio Road, Brookneal, VA, presents a unique investment opportunity. Located directly across from the public boat launch on the Staunton River, this cleared and flat lot offers unparalleled access to recreational activities. The 1,170 square foot property boasts a rich history as a former radio station, with remnants of the station's infrastructure still in place. This includes existing radio equipment, satellite dishes, and a camper, all of which are included in the sale. The property's prime location and unique features make it ideal for a variety of uses, from redevelopment into a residential or commercial venture, to repurposing the existing radio equipment for a new broadcasting project. The flat, cleared lot simplifies development, minimizing site preparation costs. The proximity to the river provides exceptional views and recreational opportunities. This is a rare chance to acquire a piece of Brookneal history with significant potential for future development or creative repurposing. The asking price is $65,900. Serious inquiries only. All aspects of the property are sold as-is.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.