TBD Fries Rd

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TBD Fries Rd

Galax, VA 24333
Asking Price
$35K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land spanning 1.889 acres for sale in Galax.
  • The property is situated along Fries Road for accessibility.
  • Asking price for the commercial parcel is $34,900.
  • Galax is located near the Blue Ridge Parkway corridor.
  • Site dimensions support diverse commercial and professional use cases.

What's Special

Development of this 1.889-acre commercial land parcel on Fries Road in Galax, Virginia, offers a strategic position for investors or business owners seeking a foothold in this established mountain community. The site provides ample space for a variety of commercial applications, including professional offices, retail storefronts, or specialized service centers. Galax maintains a steady regional economy supported by manufacturing, retail trade, and the tourism industry associated with the Blue Ridge Parkway corridor. The parcel benefits from its proximity to primary transit routes, facilitating access for local customers and logistical operations alike. As the area continues to draw interest for regional development, this property serves as a versatile foundation for projects ranging from small-scale business ventures to more expansive commercial investments. Prospective buyers will find this plot suitable for immediate site planning and infrastructure development within a market characterized by stable growth and community-focused commerce.

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NOI
$80,000
Cap Rate
229.23%
DSCR
38.61
Strong
Cash-on-Cash
744.30%
Monthly Payment
$172.666
Annual Cash Flow
$77,928.006

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