Property profile

15168 Side Hwy Grottoes, VA 24441

OFF-MARKET
Gas stations
Property ID
US87-3183678
0.78 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 15168 S E Side Hwy in Grottoes, Virginia, presents a unique investment opportunity. The 1,536 square foot building sits on a 0.78-acre lot zoned B2 in Rockingham County, offering high visibility and accessibility on Route 340, with over 5,700 cars passing daily. The property features a spacious shop area (30' deep x 27' wide) with two 10' wide x 9' tall drive-in doors, perfect for automotive or similar businesses. A lift and compressor are included in the sale. The building also includes a 30' deep x 20' wide office/retail space, a restroom, and 11.8' ceilings. The property is currently vacant and ready for immediate occupancy. A shared well serves the property. The asking price is $219,900, translating to $143.16 per square foot. This is an owner/user opportunity ideal for an entrepreneur seeking a turnkey operation in a prime commercial location. The property's versatile zoning and ample space make it suitable for a variety of businesses. Don't miss this chance to establish your business in a high-traffic area with excellent visibility.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Lot 0.78 ac (33,846 SF)
Zoning code RURAL BUSINESS SERV DIST
APN 160-(7)- LB
UPID US87-3183678

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15168 Side Hwy Grottoes, VA 24441-5301
Grottoes metro Census 12000 HARRISONBURG, VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2022
Last sale
$209,900
3 recorded transactions
2022
$200,000
2021
$150,000
2019
$197,100

Zoning & alternative use

RURAL BUSINESS SERV DIST · Grottoes, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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