35058 Germanna Heights DrLocust Grove, VA 22508

Property Details for 35058 Germanna Heights Dr

Year built

1989

Construction

LOG

Lot size

0.80 AC

Property size (Sq ft)

4,410 SF

Zone code

C2 GENERAL COMMERCIAL

Property type

Commercial real estate

APN

012-00-00-00-0039-A

APU

0120000000039A

Description

This exceptional retail pad site, located at 35058 Germanna Heights Drive in Locust Grove, Virginia, presents a unique investment opportunity. Situated on a sizable lot ranging from 2.7 to 3 acres, this property offers significant potential for development. The site is zoned for retail use and boasts a total land area of 8 acres, providing ample space for a variety of commercial ventures. Currently, there are two available spaces for lease, making it ideal for multiple tenants or a single large-scale operation. The property's address is 35058 Germanna Heights Dr, Locust Grove, VA 22508, within Orange County. Its convenient location offers excellent visibility and accessibility, ensuring high traffic flow and potential for strong customer engagement. The property is classified as a retail pad site for lease, with multiple tenancy options. This presents a rare chance to establish a thriving business in a growing community. The expansive lot size allows for substantial building development, accommodating various retail concepts and sizes. Interested parties are encouraged to explore the possibilities this prime location offers. The property's precise building square footage is currently listed as 1 square foot, however, this is likely a placeholder and should be verified independently. Serious inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $1,189,580

  6.5%

  $1,098,070

  7%

  $1,019,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $881,735

  Geo Method

  $881,735

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,123,550

  Retail / Commercial

  $1,096,440

  Mixed-Use / Specialty

  $1,098,440

  Hospitality / Lodging

  $813,584

  Office

  $1,098,070

  Institutional / Educational

  $1,144,050

  Residential Income

  $1,338,540

  Multifamily

  $1,572,610

  Automotive / Energy

  $980,612

  Parking / Income-Based Land

  $332,560

  Restaurant / Food Service

  $583,918

  Healthcare / Senior Housing

  $1,120,370

Location Insight

City

Locust Grove

County

Orange

State

Virginia

Latitude

38.3662

Longitude

-77.7654

Property Tax & Assessments

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