15 Spruce Pine Ln

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15 Spruce Pine Ln

Bassett, VA 24055
Asking Price
$289K
Asset Type
Land
Class
Class B

AI Property Summary

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

  • The parcel spans 8.58 acres in Bassett, Virginia
  • Current asking price for the property is $289,000
  • Land situated at 15 Spruce Pine Ln
  • Suitable for various residential or commercial development projects
  • Located within the Henry County regional market

What's Special

Development of this 8.58-acre land parcel at 15 Spruce Pine Ln in Bassett, Virginia, presents a significant opportunity for residential or commercial projects in a scenic region of the state. The property offers substantial acreage for those seeking a site with ample room for expansion or specific construction requirements. Situated in Henry County, the area maintains a steady local economy with proximity to regional transit routes, providing accessibility for potential future operations or residential residents. Investors and developers will find the landscape suitable for a variety of land use applications, capitalizing on the expansive footprint available at this price point. The surrounding community benefits from the quiet character of the Piedmont region, offering a distinct environment for those looking to establish a footprint away from denser urban centers while maintaining functional access to regional infrastructure. This site serves as a blank canvas for projects requiring flexible topography and land area in a growing submarket of the commonwealth.

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NOI
$80,000
Cap Rate
27.68%
DSCR
4.66
Strong
Cash-on-Cash
72.48%
Monthly Payment
$1,429.814
Annual Cash Flow
$62,842.228

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