Technical
Financial
Distress signals
Property profile

2841 Virginia Ave Narrows, VA 24124

OFF-MARKET
Grocery and convenience stores
Property ID
US87-1758287
8,080 SF 0.5 ac lot Built 1972
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property in Narrows, Virginia, presents a unique investment opportunity. Located directly off Route 460, this 1.25-acre site boasts a thriving, well-established business encompassing a fully operational gas station, a popular convenience store, and a hardware store. The combined businesses cater to both the local community and the steady stream of travelers passing through on Route 460, ensuring a consistent customer base. The property's prime location offers excellent visibility and accessibility, maximizing its potential for continued success and growth. The existing infrastructure is fully operational and ready for immediate ownership, minimizing upfront investment and allowing for a seamless transition. This turnkey operation provides a rare opportunity to acquire a profitable, established business in a desirable location with significant growth potential. The high traffic count on Route 460 guarantees a large pool of potential customers, while the existing loyal customer base ensures immediate revenue generation. This is an ideal investment for an entrepreneur seeking a profitable, established business with a proven track record. The combination of a gas station, convenience store, and hardware store provides diversification and resilience, mitigating risk and maximizing profitability. Don't miss this chance to own a successful and established business in a thriving community.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1972
Total area 8,080 SF
Lot 0.5 ac (21,780 SF)
Zoning code R-1
APN 24 84
UPID US87-1758287

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Grocery & Convenience Store
  • Gas Station

Location

2841 Virginia Ave Narrows, VA 24124-2369
Narrows metro Census 930300 BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Zoning & alternative use

R-1 · Narrows, VA
Zoning description

RESIDENTIAL LIMITED DISTRICT R-1 17-602.01 Intent of Residential Limited District R-1. The intent of the R-1 residential district is to provide for low density residential development which is characterized by large lots…

General category RESIDENTIAL

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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