1931 Big Spg Dr Elliston, VA 24087-3541
This exceptional commercial property presents a rare opportunity to acquire a piece of history. The Big Spring Mill, a landmark business operating for over 150 years, is being offered for sale via online auction concluding Thursday, March 13th, at 4 PM. The property boasts a substantial 25,735 square foot building encompassing two fully operational mills and extensive warehouse storage space. Thirteen grain/storage bins are included, providing ample capacity for various uses. The mill's strategic location offers convenient access to Norfolk Southern rail lines, enhancing logistical capabilities. The property sits on approximately 1.8 acres of land, benefiting from public water and natural gas utilities. Beyond its current function as a flour/cornmeal and feed mill, this versatile property offers endless possibilities for redevelopment and repurposing to suit a wide range of business ventures. Note that the listed price represents the starting bid for the auction and may not reflect the final sale price. A significant investment was made in July 2023 with the installation of a new roof on the office and storage building. This is a truly unique opportunity to own a significant piece of the region's heritage and entrepreneurial landscape.
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L & L Brokerage Co Grocery & Convenience Store Food Market
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
A1 · Elliston, VAElliston. Always verify with local authorities before improvements.
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.