Property profile

2946 Monacan Trail Rd North Garden, VA 22959

OFF-MARKET
Retail properties & Spaces
Property ID
US87-0957890
1,250 SF
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Property summary

AI-generated overview

This exceptional 1,250 square foot freestanding retail building situated on a 1.98-acre lot in North Garden, Virginia presents a unique investment opportunity. Currently operating as a boutique country store featuring upscale products and a gourmet deli, the property also includes a three-bedroom apartment, generating additional rental income. The existing structure, a charming 100-year-old building, boasts fantastic visibility on US Route 29/Monacan Trail Road, just 15 minutes south of Charlottesville. The property features a new septic system and well. Currently, 700 square feet of space is vacant, offering expansion potential. Albemarle County zoning (RA) allows for a total building footprint of 4,000 square feet, significantly increasing the property's potential. The expansive lot allows for various supplementary uses, such as a garden center, farmers market expansion, or even a greenhouse, all within the existing zoning parameters. This property is ideal for an owner-operator seeking to establish or expand a retail business, or for an investor looking for a combination of business and rental income. The property's location in the heart of Virginia's wine country, near vineyards and cideries, provides a strong foundation for continued success. The APN is 444907876226.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,250 SF
UPID US87-0957890

Cap rate & NOI

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

Location

2946 Monacan Trail Rd North Garden, VA 22959
North Garden metro
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Value estimations

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Owner & transaction history

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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