15168 Side HwyGrottoes, VA 24441

Property Details for 15168 Side Hwy

Lot size

0.78 AC

Zone code

RURAL BUSINESS SERV DIST

Property type

Retail properties

Property subtype

Gas stations

APN

160-(7)- LB

APU

1607LB

Description

This exceptional mixed-use property, located at 15168 S E Side Hwy in Grottoes, Virginia, presents a unique investment opportunity. The 1,536 square foot building sits on a 0.78-acre lot zoned B2 in Rockingham County, offering high visibility and accessibility on Route 340, with over 5,700 cars passing daily. The property features a spacious shop area (30' deep x 27' wide) with two 10' wide x 9' tall drive-in doors, perfect for automotive or similar businesses. A lift and compressor are included in the sale. The building also includes a 30' deep x 20' wide office/retail space, a restroom, and 11.8' ceilings. The property is currently vacant and ready for immediate occupancy. A shared well serves the property. The asking price is $219,900, translating to $143.16 per square foot. This is an owner/user opportunity ideal for an entrepreneur seeking a turnkey operation in a prime commercial location. The property's versatile zoning and ample space make it suitable for a variety of businesses. Don't miss this chance to establish your business in a high-traffic area with excellent visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $11,841,872

  6.5%

  $10,930,958

  7%

  $10,150,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,053,266

  Geo Method

  $17,053,266

• Alternative Use

  Use

  Valuation

  Residential

  $9,220,672

  Hospitality

  $8,446,086

  Educational

  $7,027,044

  Medical

  $7,268,716

  Retail

  $10,930,958

Location Insight

City

Grottoes

County

Rockingham

State

Virginia

Latitude

38.2712

Longitude

-78.8131

CBSA code

25500

CBSA name

HARRISONBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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