Property summary
This 2,982 square foot former bank branch, situated on a 0.79-acre lot at the signalized intersection of W Spotswood Trail and S Stuart Avenue (US Route 340) in Elkton, Virginia, presents a unique opportunity. The property boasts a convenient two-lane drive-thru and ample parking with 26 surface stalls. Built in 1990, this single-story Class B building is currently vacant and offers flexibility for renovation or build-to-suit options. Its B-1 (Downtown Business District) zoning allows for a variety of commercial uses, including retail, restaurants, and offices. The property benefits from high visibility due to its location on a primary north-south highway and its proximity to Spotswood Trail (US Route 33), a major east-west thoroughfare. Surrounding complementary businesses include Exxon, Dairy Queen, Pizza Hut, McDonald's, and 7-Eleven, enhancing the site's appeal. The property features three curb cuts, ensuring excellent ingress and egress. Annual property taxes are $1.40 per square foot. This exceptional location, combined with the building's adaptable space and strong visibility, makes it an ideal investment for a variety of commercial ventures. The property's APN is 131B1-A-63. The zip code is 22827.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
GENERAL BUSINESS DIST · Elkton, VAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for GENERAL BUSINESS DIST in Elkton, VA.
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