20786 Riverside DrGrundy, VA 24614

Property Details for 20786 Riverside Dr

Year built

1972

Construction

STEEL FRAME

Lot size

0.53 AC

Property type

Retail properties

Property subtype

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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