Commercial Property At I-81 Exit #264

129 West Old Cross Rd New Market, VA 22844

129 West Old Cross Rd, New Market, VA, 22844
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FOR SALE
Property Type:
Free Standing Building
Amount:
$995,000
Last Verified:
Jul 18, 2024

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Highlights

  • Major Price Reduction
  • Rare development opportunity at I-81 interchange, Exit #264
  • Scrape the site or repurpose 11,366 sf building for your opportunity
  • Strong tourist traffic corridor
  • Historic downtown draws business to the market

Description

Interstate I-81, Exit #264, Historic New Market! 1.45 acres of land for commercial redevelopment to be used as C-stores, hotel, restaurant, medical or other commercial uses. Use the existing 11,366 Sq. Ft. for repurposing for many business opportunities. Large showroom with warehouse for storage along with plenty of on-site parking along with municipal parking on the east edge of the property. Excellent road frontage, property is located between two lighted intersections for maximum visual impact along the highly trafficked tourist route to the Shenandoah River excursions, Shenvalee Golf Resort, Luray Caverns, Endless Caverns, Shenandoah Caverns, Civil War Museum and other tourist attractions. Join local neighbors such as Quality Inn, John Henry General Store, McDonald's, Subway, Dunkin Donuts, Liberty and Shell C-stores. Come to the Shenandoah Valley for the Opportunity, stay for the Hospitality!

Interstate I-81, Exit # 264

Building Size: 11336sq ft
Lot Size: 1.45 acres


Documents

SVN - 1 Page Flyer (P)
Sale Brochure (L)

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.