TBD Ivanhoe Road / Va Route 94

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TBD Ivanhoe Road / Va Route 94

Wytheville, VA 24382
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel spans 6.948 acres in Wytheville.
  • Located at the intersection of Ivanhoe Road and Route 94.
  • Property is currently offered for sale in Virginia.
  • Site supports diverse development for commercial retail or service use.
  • Accessible location positioned within a significant regional transit corridor.

What's Special

Development of this 6.948-acre commercial land parcel in Wytheville, Virginia, provides a strategic position for investors or business owners targeting the intersection of Ivanhoe Road and Virginia Route 94. The site supports diverse commercial applications, offering sufficient scale for retail, professional service, or hospitality ventures looking to establish a footprint in this growing regional corridor. Its location within Wythe County benefits from the area's role as a major crossroads in Southwest Virginia, where the convergence of primary transit routes maintains consistent regional visibility. The acreage presents a functional canvas for ground-up construction tailored to meet modern operational requirements. Proximity to local infrastructure ensures accessibility for both commercial clients and daily commuters navigating through the heart of the Blue Ridge region. This tract serves as a viable option for entities seeking to leverage a high-visibility position in a stable municipal environment.

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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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