353 Main St Stanley, VA 22851-4045
HC Highway Commercial District. The HC District is composed of vacant land fronting on United States Route 340, the major north-south connector in the county. This includes land on both sides of Route 340 near Pettit Drive and on the south side opposite Hilliard Drive. The intent of the regulations for this district is to provide more area for commercial use…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
HC · Stanley, VAHC Highway Commercial District. The HC District is composed of vacant land fronting on United States Route 340, the major north-south connector in the county. This includes land on both sides of Route 340 near Pettit Drive and on the south side opposite Hilliard Drive. The intent of the regulations for this district is to provide more area for commercial uses not appropriate for the center of Town because of the traffic, noise and dirt generated by these uses. Specific types of uses recommended for this district include fast-food restaurants, dry cleaners, convenience stores, laundromats, large retail stores and similar types of uses that generate considerable amounts of traffic. A. Uses permitted by right. Only one use and its accessory uses may be erected on any one lot or parcel of land pursuant to the regulations of this district and the Schedule of Dimensional Regulations , [1] except for a planned shopping center, and including but not limited to: (1) Restaurants. (2) Fast-food restaurants. (3) Bowling alleys. (4) Indoor theaters. (5) Dry cleaners. (6) Laundromats. (7) Convenience stores. (8) Car washes. (9) Essential services. (10) Mini storage. [Added 3-14-2018 ] (11) Short-term rentals: allowed by right. [Added 11-10-2021 ] [1]
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.