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    OFF-MARKET
    Banks

    250 Stuart Ave, Elkton, VA 22827-1533

    0.8 ac lot
    Entity Owned Free & Clear
    Property ID
    US87-3069915
    Property summary
    AI-generated overview

    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
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Lot 0.8 ac (35,022 SF)
    Zoning code GENERAL BUSINESS DIST
    APN 131B1-(A)- L63
    UPID US87-3069915
    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
    Current use
    Occupant on record · Public records
    • BB&T Mortgage Loan Service Bank
    • BB&T ATM Atm
    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
    Commonwealth 250 LLC
    Commonwealth 250 LLC
    since 2025
    Last sale
    $575,000
    3 recorded transactions
    2025
    $575,000
    2022
    $150,000
    2011
    Zoning & alternative use
    GENERAL BUSINESS DIST · Elkton, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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