TBD Forest Green Dr

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TBD Forest Green Dr

Galax, VA 24333
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • The parcel spans a total of 5.05 acres of commercial land.
  • Property is situated on Forest Green Drive in Galax, Virginia.
  • This location provides access to the broader Blue Ridge Mountain region.
  • The site supports various commercial retail or professional office development opportunities.
  • Land tract offers potential for a diverse range of business uses.

What's Special

Galax serves as a gateway to the Blue Ridge Mountains in southwestern Virginia, offering a landscape defined by its natural beauty and connection to regional transportation corridors. This 5.05-acre parcel of commercial land sits along Forest Green Drive, positioned to benefit from the area's steady economic activity and steady flow of local traffic. The size and configuration of the site provide versatility for various development projects within this growing community. Investors and business owners seeking to establish a foothold in the region will find this plot suitable for a wide range of commercial applications, including retail centers, professional offices, or service-based enterprises. The property offers enough space to accommodate significant footprint requirements while maintaining accessibility to the surrounding infrastructure. As regional demand for functional commercial space persists, this tract presents a viable acquisition for those looking to expand their footprint in a classic mountain market.

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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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