9601 Kentuck RdSutherlin, VA 24594

  • Retail properties
  • 1,488 SF
For Sale
$85,000 View listing

Property Details for 9601 Kentuck Rd

Year built
1934
Lot size
1.72 AC
Property size (Sq ft)
1,488 SF
Zone code
B-2
Property type
Retail properties
Property subtype
Retail space
APN
2460-27-8537
APU
2460278537

Description

This 1,488 sq ft commercial property, situated on a 1.88-acre lot at 9601 Kentuck Road in Sutherlin, VA, presents a unique investment opportunity. The building is adaptable and could easily be configured for a variety of retail or food service businesses. A key feature is the inclusion of a large walk-in refrigerator equipped with glass front doors, perfect for a restaurant or business requiring cold storage. The property's substantial lot size offers ample space for parking, outdoor seating (subject to local zoning regulations), or potential expansion. Its location in Sutherlin provides access to a local customer base and offers visibility to passing traffic. The asking price is $85,000, making this an attractive proposition for investors seeking a versatile commercial space with significant upside potential. The property is classified as "Other" and requires further due diligence to determine its precise zoning and permitted uses. Interested parties are encouraged to conduct their own independent investigations to confirm suitability for their intended purpose. This is a rare opportunity to acquire a well-located commercial property at a competitive price.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $326,957
    6.5%
    $301,806
    7%
    $280,249
  • Comparable approach

    Method
    Valuation
    Relative Method
    $860,720
    Geo Method
    $860,720
  • Alternative Use

    Use
    Valuation
    Residential
    $254,585
    Hospitality
    $233,198
    Educational
    $194,018
    Medical
    $200,691
    Retail
    $301,806
9601 Kentuck Rd, Sutherlin, Virginia

Location Insight

City
Sutherlin
County
Pittsylvania
State
Virginia
Latitude
36.6789
Longitude
-79.2503
CBSA code
19260
CBSA name
DANVILLE, VA METROPOLITAN STATISTICAL AREA

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
2018
$247
$22,000
$17,900
$39,900
-
$22,000
$17,900
$39,900

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