0 Chairty Hwy and Rt 40

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0 Chairty Hwy and Rt 40

Rocky Mount, VA 24185
Asking Price
$849K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land spanning 220.94 acres for sale in Rocky Mount.
  • Property is listed at an asking price of $849,000.
  • Located at the intersection of Charity Highway and Route 40.
  • Site features the presence of Wiggon Creek on the property.
  • Abundant wildlife on site supports current recreational hunting use.
  • Various building sites offer potential for future development projects.

What's Special

Priced at $849,000, this 220.94-acre tract of commercial land sits at the intersection of Charity Highway and Route 40 in Rocky Mount, Virginia. The property features extensive acreage that incorporates Wiggon Creek, providing diverse topography throughout the site. Given its expansive size and rural setting, the parcel presents multiple potential building sites for development or long-term investment. The land currently supports abundant wildlife, making it suitable for recreational hunting activities in addition to any future commercial land use planning. Rocky Mount serves as a key gateway in Franklin County, functioning as a growing market that benefits from its position within the broader Blue Ridge region. This combination of highway access and significant land area creates versatile opportunities for buyers seeking large-scale development potential or private recreational holdings in a developing suburban environment. Its location offers a balance between quiet surroundings and accessibility to local thoroughfares.

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NOI
$80,000
Cap Rate
9.42%
DSCR
1.59
Strong
Cash-on-Cash
11.62%
Monthly Payment
$4,200.389
Annual Cash Flow
$29,595.335

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