Commercial Land At I-81 Exit #264

129 West Old Cross Rd New Market, VA 22844

129 West Old Cross Rd, New Market, VA, 22844
129 West Old Cross Rd, New Market, VA, 22844
FOR SALE
Property Type:
Other Land
Amount:
$1,290,000
Last Verified:
Jul 19, 2020

Highlights

  • Development Land on I-81 Interchange, Exit #264
  • Seller to demo and scrape site for Immediate development
  • Strong tourist traffic to this recreational areas
  • National Tenants already call this interchange home
  • Historic downtown drives business to the market

Description

Interstate I-81, Exit #264 Land for Development! 1.45 acres of prime commercial development land is available for purchase. The site location is between two lighted intersections with municipal parking along the east edge of the property. The property is currently improved by a 11,500sf commercial structure, which was used as a Hardware store. Seller will demolish and scrape site upon closing for immediate development opportunity. Join neighbors such as; Quality Inn, McDonald's, Burger King, Subway, Dunkin Donuts, Liberty and Shell C-stores with gas, along with Sun Trust Bank. Rare Interstate find with heavy tourist traffic to National Park service Skyline Drive entrance, Luray Caverns, Endless Caverns and Shenandoah Caverns, Shenandoah River Excursions, with the additional draw of the Civil War museum at New Market. Great development site for Hotel, Fast Food Restaurant, Convenience Store, Retail or office!

Interstate I-81, Exit # 264

Lot Size: 1.45 acres

Map of 129 West Old Cross Rd, New Market, VA, 22844

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.