685 Commonwealth Dr - Commercial LAND FOR SALE


Norton, VA 24273 54,886 SF
$499,000 USD
908-494-1187
685 Commonwealth Dr, Norton, VA for Sale
$499,000 USD
Commercial LAND - FOR SALE
1/9
54,886 SF

685 Commonwealth Dr
Norton, VA 24273


OVERVIEW

The Property consists of a ±1.26-acre Walmart outparcel adjacent to US-23 (Orby Cantrell Highway) with 20,632 vehicles per day and near Hawthorne Dr NE with additional traffic counts of 4,700 vehicles per day. Co-tenants on nearby parcels include Hibbett Sports, GNC, Verizon, Bealls, T-Mobile, Pizza Hut, Great Clips, Auto Zone, Jersey Mikes, Applebee’s, and Sonic. Other nationally recognized tenants surrounding the Property including Lowe’s, Harbor Freight, Food City, Ollie’s, Goodwill, Belk, Marshalls, Ashley, Dollar Tree, Tractor Supply, Crutchfield, and many more, further driving consumers to the area. Zoned B-3, General Business District, this commercial development site offers favorable flexible zoning that allows for a variety of uses including bank, motel, drugstore, retail, office, and many more. The Property offers potential investors the ability to acquire land with significant value-add through development and long-term lease up. Norton, Virginia, is located in the heart of the Appalachian Mountains in Southwest Viriginia. With a population of just under 4,000 residents, Norton functions as a regional service and retail hub for Wise County and the surrounding Appalachian communities. The city’s strategic location at the intersection of U.S. Route 23 and U.S. Route 58 Alternate provides critical access to both local consumers and regional freight routes, positioning Norton as a gateway for commercial activity in the central Appalachian region. The Property offers a strategic location on the area's primary thoroughfare within a strong retail trade area. The Property serves an expanded 10-mile trade area with 24,371 individuals with an average household income of $55,860.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/ACRE

$396,029/AC

PRICE/SF

$9 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

1.26 AC Walmart Outparcel

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail

LAND ACRES

1.26 AC

LAND SF

54,886 SF

OFFSITE IMPROVEMENTS

-

ZONING

B-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Paaras VijanVijan Property GroupMore Info
908-494-1187

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Paaras VijanVijan Property GroupMore Info
908-494-1187

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.