555 Porterfield Hwy Abingdon, VA 24210
This exceptional 16.72-acre commercial property in Abingdon, Virginia, presents a remarkable investment opportunity. Located at 555 Porterfield Highway SW, this land boasts an impressive 1160 feet of frontage on Highway 19, experiencing a daily traffic count of 10,000 vehicles. The property's zoning allows for a wide range of commercial uses, from retail and hospitality to other ventures. The existing improvements include a substantial three-bedroom, one-and-a-half-bathroom brick home, ideal for on-site management or conversion into office space. A large barn provides versatile storage or potential for expansion. The picturesque setting and ample space make this property particularly well-suited for a wedding venue or similar event-based business. Situated in Washington County, Virginia, with a zip code of 24210, this location offers high visibility and exceptional access to a substantial customer base. The property's size and location combine to create a rare opportunity for significant commercial development or expansion within Abingdon's thriving business community. This is a chance to acquire a substantial piece of Abingdon's commercial landscape with significant potential for growth and return on investment. The asking price for this property is $1,000,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.