15168 Side Hwy Grottoes, VA 24441-5301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
RURAL BUSINESS SERV DIST · Grottoes, VAGrottoes. Always verify with local authorities before improvements.
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.