Gateway to Middletown-Multiple Development Sites

1 Reliance Rd Middletown, VA 22645

1 Reliance Rd, Middletown, VA, 22645
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FOR SALE
Property Type:
Other Land
Amount:
$799,000
Last Verified:
Oct 28, 2024

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Highlights

  • Great site for retail, country market, restaurant, medical office, hotels and more.
  • Lot has a proffer to allow for 22 units of multi-family over commercial on the ground level
  • Public water and sewer are available to the site
  • Purchase property, ground lease available along with the potential for seller financing for a qualified purchaser

Description

Options galore! Purchase or ground lease with potential seller financing for a qualified purchaser. I-81 Exit #302 is the Gateway entrance into the Historic Town of Middletown, Virginia. This is the last remaining lot at the corner of Reliance Road and Valley Ave (Rt #11). We have 3.84 acres zoned B2 highway commercial. You are surrounded by The Village at Middletown by Ryan Homes. Richmond American Homes are building 90 additional single family homes on the south end of town. Middletown is home to Historic Wayside Inn, circa 1797, Laurel Ridge Community College with 3,500 students and staff. Immediate neighbors include; Comfort Inn, McDonalds, Dollar General, 7-11, Liberty C-store with fuel depot, Sheetz C-store with fuel depot has recently opened on the east side of the interstate. Locate your successful business venture where the growth is happening.

SVN has listed more development land at I-81, Exit #302, Gateway entrance to the Historic town of Middletown. There is one corner parcel available for immediate development, zoned B2 highway commercial. The corner of Reliance and Old Valley Pike (Rt #11) has 3.84 acres.

Lot Size: 3.84 acres


Documents

SVN - Brochure (L)

Map of 1 Reliance Rd, Middletown, VA, 22645

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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.