20786 Riverside DrGrundy, VA 24614

Property Details for 20786 Riverside Dr

Year built

1972

Construction

STEEL FRAME

Lot size

0.53 AC

Property type

Banks

APN

2HH182024 FENLG B

APU

2HH182024FENLGB

Description

This 11,880-square-foot vacant bank building in Grundy, Virginia, presents a unique investment opportunity. Located at 20786 Riverside Dr, this two-story, Class B property sits on a 1.55-acre lot and was built in 1972. The building offers ample space for various uses, currently vacant and ready for a new owner's vision. Its prime location in Grundy, VA, offers convenient access to Route 460, placing it at the crossroads of small-town charm and modern business convenience. Nearby landmarks include the Appalachian School of Law and Buchanan County Courthouse. The property's size and location make it suitable for a variety of commercial uses. The asking price is $1,100,000, translating to $92.59 per square foot. The property's potential is further enhanced by the possibility of conversion

• CAP approach

  CAP return

  Valuation

  6%

  $3,723,385

  6.5%

  $3,436,971

  7%

  $3,191,473

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,384,863

  Geo Method

  $9,852,073

• Alternative Use

  Use

  Valuation

  Residential

  $2,899,214

  Hospitality

  $2,655,664

  Educational

  $2,209,481

  Medical

  $2,285,469

  Retail

  $3,436,971

Location Insight

City

Grundy

County

Buchanan

State

Virginia

Latitude

37.2607

Longitude

-82.1002

Property Tax & Assessments

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