2841 Virginia AveNarrows, VA 24124

Property Details for 2841 Virginia Ave

Year built

1972

Lot size

0.50 AC

Property size (Sq ft)

8,080 SF

Zone code

R-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

24 84

APU

2484

Description

This exceptional commercial property in Narrows, Virginia, presents a unique investment opportunity. Located directly off Route 460, this 1.25-acre site boasts a thriving, well-established business encompassing a fully operational gas station, a popular convenience store, and a hardware store. The combined businesses cater to both the local community and the steady stream of travelers passing through on Route 460, ensuring a consistent customer base. The property's prime location offers excellent visibility and accessibility, maximizing its potential for continued success and growth. The existing infrastructure is fully operational and ready for immediate ownership, minimizing upfront investment and allowing for a seamless transition. This turnkey operation provides a rare opportunity to acquire a profitable, established business in a desirable location with significant growth potential. The high traffic count on Route 460 guarantees a large pool of potential customers, while the existing loyal customer base ensures immediate revenue generation. This is an ideal investment for an entrepreneur seeking a profitable, established business with a proven track record. The combination of a gas station, convenience store, and hardware store provides diversification and resilience, mitigating risk and maximizing profitability. Don't miss this chance to own a successful and established business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,303,112

  6.5%

  $1,202,873

  7%

  $1,116,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,584,558

  Geo Method

  $3,448,033

• Alternative Use

  Use

  Valuation

  Residential

  $1,014,668

  Hospitality

  $929,431

  Educational

  $773,275

  Medical

  $799,870

  Retail

  $1,202,873

Location Insight

City

Narrows

County

Giles

State

Virginia

Latitude

37.3394

Longitude

-80.7956

CBSA code

13980

CBSA name

BLACKSBURG-CHRISTIANSBURG-RADFORD, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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