TBD Logans Lane

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TBD Logans Lane

Galax, VA 24333
Asking Price
$70K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land asset located in Galax, Virginia.
  • Property features a total area of 7.6 acres.
  • Current asking price for this parcel is $70,000.
  • Site supports diverse potential commercial development applications.
  • Situated within an accessible and growing southwest Virginia submarket.

What's Special

This commercial land offering in Galax, Virginia, presents a functional site for investors or developers seeking a versatile project location. Spanning 7.6 acres at TBD Logans Lane, the property provides the necessary scale for a variety of commercial developments within this growing southwest Virginia region. Galax maintains a steady economic base, serving as a hub for the surrounding community and offering proximity to key regional transit routes. The land is suited for prospective buyers looking to capitalize on rural expansion or those requiring substantial acreage for operational growth. Given the substantial size of the parcel, it accommodates diverse end uses ranging from industrial storage to commercial site construction. The setting benefits from the quiet character of the area while remaining accessible for business activity. Interested parties will find this asset a straightforward addition to a regional development portfolio, balancing potential utility with the advantages of a strategically sized tract in a well-established market corridor.

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NOI
$80,000
Cap Rate
114.29%
DSCR
19.25
Strong
Cash-on-Cash
361.16%
Monthly Payment
$346.322
Annual Cash Flow
$75,844.138

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