1026 Main StMarion, VA 24354

  • Other commercial real estate
  • 1,886 SF
For Sale
$749,000 View listing

Property Details for 1026 Main St

Year built
1982
Lot size
0.40 AC
Property size (Sq ft)
1,886 SF
Property type
Other commercial real estate
APN
227-105-1
APU
2271051

Description

This 1.65 to 1.74-acre commercial lot in Marion, Virginia, presents a remarkable development opportunity. Located at 1026 N Main St, 24354, this fee simple property boasts excellent visibility with approximately 200 feet of road frontage along Marion's busiest street. Its strategic location places it amidst a thriving mix of retail, fast food, and grocery businesses, offering immediate access to a substantial customer base. The property's proximity to Emory & Henry's Life Sciences Facility, Smyth County Hospital, and Ballad Health's Marion location further enhances its appeal. The site's elevated position provides optimal visibility and accessibility. A significant advantage is the anticipated opening of a major grocery store directly across the street, promising increased foot traffic and consumer activity. The ample space allows for the development of a large-scale business, such as a quick-service restaurant (QSR) or other restaurant concept, with sufficient room for ample parking. The property is zoned Commercial General, providing flexibility for a wide range of commercial uses. This vacant land offers an exceptional foundation for a successful business venture in Marion's expanding market. The combination of size, location, visibility, and high foot traffic makes this an unparalleled investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $236,840
    Hospitality
    $216,944
    Educational
    $180,495
    Medical
    $186,702
    Retail
    $280,770
1026 Main St, Marion, Virginia

Location Insight

City
Marion
County
Smyth
State
Virginia
Latitude
36.824
Longitude
-81.5368

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,525
$52,300
$206,200
$258,500
-
$52,300
$206,200
$258,500

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