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Property profile & analytics
OFF-MARKET
Land

1323 Hardy Rd Vinton, VA 24179

4.29 ac lot
Individually Owned 3-yr Hold
Property ID
US87-1154335
Property summary
AI-generated overview

This exceptional 4.29-acre commercial development site is ideally located at 1323 Hardy Road in Vinton, Virginia, zip code 24179. Priced at $199,950, this property offers significant potential for a variety of uses. The land boasts a gently sloping topography and is mostly wooded. Public water and sewer services are readily available. Zoned RB - Residential Business, the property allows for a range of development options, including offices, medical and dental clinics, banks, and single-family dwellings. Special exceptions permit townhouses and funeral homes. The site's strategic location on the four-lane section of Hardy Road, just east of the intersection with Route 24, ensures high visibility and accessibility. The land value is $1.07 per square foot. This area is experiencing growth and increasing land values, making this a compelling investment opportunity. The property's size also allows for potential subdivision, offering further flexibility for developers. This is a rare opportunity to acquire a well-situated, versatile commercial parcel in a thriving area of Vinton. Contact us today to learn more about this exceptional development opportunity.

Property profile
Verified
Property type Land
Lot 4.29 ac (186,872 SF)
UPID US87-1154335
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Warren E Smith · 3 yrs held
Warren E Smith
since 2022
2 recorded transactions
2022
Price N/A
2019
$90,150
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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