1909 Buckley Hall RdDutton, VA 23050

Property Details for 1909 Buckley Hall Rd

Lot size

23.92 AC

Property type

Commercial real estate

APN

9-A-3

APU

9A3

Description

This exceptional 24.923-acre parcel presents a remarkable opportunity for commercial or industrial development in Dutton, Virginia. Located at 1909 Buckley Hall Rd, Mathews County, zip code 23050 (APN: 9-A-3), this property boasts B-2 zoning, eliminating the need for lengthy rezoning processes. The land is cleared, having previously been used for agricultural purposes, providing a level and readily developable site. A significant advantage is the planned access easement, to be constructed and maintained by the neighboring Dollar General store, ensuring convenient access for future businesses. This prime location is ideal for a variety of uses, including retail establishments or self-storage facilities. The property is available for sale or lease and is also sub-dividable, offering flexibility to suit various development plans. The asking price is $31,050 per acre, representing a compelling investment opportunity in a rapidly growing area. The property's latitude and longitude coordinates are 37.4950926 and -76.4130722 respectively. This is a rare chance to acquire a large, commercially zoned tract of land in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $249,395,000

  6.5%

  $230,211,000

  7%

  $213,767,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $133,526,000

  Geo Method

  $174,039,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $456,874,000

  Retail / Commercial

  $233,570,000

  Mixed-Use / Specialty

  $232,175,000

  Hospitality / Lodging

  $169,608,000

  Office

  $230,211,000

  Institutional / Educational

  $241,168,000

  Residential Income

  $282,166,000

  Multifamily

  $341,530,000

  Automotive / Energy

  $206,715,000

  Parking / Income-Based Land

  $71,890,100

  Restaurant / Food Service

  $119,557,000

  Healthcare / Senior Housing

  $238,667,000

Location Insight

City

Dutton

County

Mathews

State

Virginia

Latitude

37.4966

Longitude

-76.4137

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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