TBD Greentree Rd And Bona Vista Ln

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TBD Greentree Rd And Bona Vista Ln

Galax, VA 24333
Asking Price
$40K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • The parcel encompasses 1.41 acres of undeveloped commercial land
  • Located at the junction of Greentree Road and Bona Vista Lane
  • The property is situated within the city limits of Galax Virginia
  • Offered for acquisition at an asking price of 40000 dollars
  • Strategically positioned within the growing Blue Ridge region of Virginia

What's Special

Galax serves as a significant hub within Virginia's Blue Ridge region, known for its deep-rooted history and proximity to scenic outdoor corridors. This 1.41-acre parcel sits at the intersection of Greentree Road and Bona Vista Lane, presenting a functional site for commercial development in a growing area. The geography of the region supports diverse economic activities, from regional retail and hospitality to service-based enterprises that cater to the local population and transient travelers moving through the mountain corridors. Investors and business owners seeking land for new construction will find this commercial-zoned property offers sufficient space for various commercial applications. The site provides a clean slate for developers looking to establish a presence in a southwestern Virginia submarket known for its stable community environment. Given its positioning, the land is well-suited for businesses that benefit from clear road access and a quiet yet accessible location within the municipal footprint.

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NOI
$80,000
Cap Rate
200.00%
DSCR
33.69
Strong
Cash-on-Cash
646.88%
Monthly Payment
$197.898
Annual Cash Flow
$77,625.222

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