Sky View Drive

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Sky View Drive

Ararat, VA 24053
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Five acres of commercial land available in Ararat
  • Located along Sky View Drive within Patrick County
  • Flexible parcel suitable for diverse commercial project types
  • Strategically positioned to serve the growing local market
  • Coordinates place the site at 36.6008, -80.5933

What's Special

Development of this 5-acre commercial land parcel in Ararat, Virginia, provides a strategic entry point for investors targeting the expanding regional business corridor. Positioned along Sky View Drive, the site offers significant versatility for projects ranging from retail storefronts and professional offices to industrial storage facilities. Ararat sits within a landscape characterized by steady growth and proximity to primary transit routes, making it a viable location for businesses looking to establish a footprint in this part of the state. The open nature of the property allows for flexible site planning, accommodating various commercial configurations required by modern operators. Investors and business owners will find this plot suitable for projects that demand visibility and access within the local community. The regional economic environment supports diverse commercial activity, positioning this asset for long-term functional use as market demand for developed land in the area continues to trend upward.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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