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Property profile & analytics
FOR SALE
Commercial real estate

675 Laurel St Culpeper, VA 22701

3,216 SF 1 ac lot Built 1950
Property ID
US87-1056535
Property summary
AI-generated overview

This exceptional 1-acre parcel at 675 Laurel Street in Culpeper, Virginia, presents a unique commercial redevelopment opportunity. Currently zoned R-1, the property boasts significant potential for rezoning to commercial, mixed-use, or business uses, aligning perfectly with the Town of Culpeper's Comprehensive Plan and Strategic Vision Plan 2020. The strategic location, just 800 feet from the intersection of Laurel Street and US-29 BUS/Madison Road, ensures high visibility and accessibility. Surrounding properties are already zoned for commercial, multi-family residential, and light industrial uses, further supporting the viability of this project. The 3,216 square foot single-family dwelling currently on the site offers flexibility for immediate use or future demolition. The sale is contingent upon successful commercial rezoning. This property represents a compelling investment for developers seeking a prime location with strong potential for future growth and profitability in a thriving community. The property's size and location make it ideal for a variety of commercial ventures. Prospective buyers should conduct their own due diligence regarding rezoning possibilities and potential development costs. All information provided is deemed reliable but not guaranteed.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Total area 3,216 SF
Lot 1 ac (43,560 SF)
UPID US87-1056535
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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