TBD Ararat Hwy

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TBD Ararat Hwy

Ararat, VA 24053
Asking Price
$1.29M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel spanning 286.53 acres in Ararat, Virginia.
  • Located directly along Ararat Highway with easy regional access.
  • Offered for sale at a total price of 1,290,000 dollars.
  • Site dimensions offer flexibility for large-scale development or commercial use.
  • Expansive land parcel positioned within the scenic Patrick County area.

What's Special

Ararat, Virginia, serves as a tranquil backdrop for this expansive land parcel situated along Ararat Highway. This 286.53-acre commercial tract represents a significant footprint in a region defined by its natural landscape and proximity to the Blue Ridge Mountains. The site provides substantial acreage for various commercial developments, agricultural ventures, or large-scale private estate projects requiring significant land mass. Investors and developers seeking to establish a presence in this growing rural corridor will find the scale of this property advantageous for long-term land banking or specialized construction initiatives. The topography and positioning of this site allow for potential utility in diverse sectors, ranging from commercial recreational use to mixed-use site development. Its location in Patrick County provides accessibility while maintaining the quiet character of the regional submarket. With its significant size and open development possibilities, the parcel serves as an adaptable asset for buyers pursuing projects that demand extensive acreage within a strategic Virginia landscape.

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NOI
$80,000
Cap Rate
6.20%
DSCR
1.04
Tight
Cash-on-Cash
0.88%
Monthly Payment
$6,382.216
Annual Cash Flow
$3,413.406

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