629 Mineral Ave, Mineral, VA 23117-4011
This exceptional 1,150 square foot commercial property, located at 629 Mineral Avenue in Mineral, Virginia, presents a unique investment opportunity. Situated on three combined Mineral Town lots (17-19), this versatile space offers significant potential for a variety of uses. Currently zoned commercial, it's ideally suited for a local business or office space, or even a blend of residential and commercial use. The property boasts a recently completed renovation, including brand new plumbing and electrical systems, a modern kitchen, and a substantial addition. This comprehensive update ensures a move-in ready condition for any prospective tenant or owner. The flexible layout allows for either a two-bedroom residential configuration or a three-office commercial setup, providing adaptability to suit diverse needs. Ample off-road parking is available, with seven or more spaces accommodating employees or clients. The property's location in Mineral, VA, offers convenient access to local amenities and transportation routes. This turnkey property is priced at $299,777 and represents an excellent value in the current market. Don't miss this chance to acquire a meticulously updated and versatile commercial space with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.