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:
Dec 17, 2024

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Highlights

  • Terrific site for retail, country market, restaurant, medical office, hotels and more
  • Go vertical to maximize your development, site is proffered for 22 apartments over commercial
  • Location is at Exit #302, I-81, two miles from I-66 interchange
  • Purchase, ground lease available with the potential for seller financing for a qualified purchaser

Description

Purchase Options galore! Purchase or ground lease with the potential for seller financing for a qualified purchaser. The location is just off of I-81, Exit #302, at the corner of Reliance Road and Valley Pike (Rt #11), two miles from I-66. This is the gateway entrance into the Historic Town of Middletown, Virginia. Historic Wayside Inn, Circa 1797, is the oldest operating Motor Inn in the U.S. The Village of Middletown development site is the commercial land that was a by-product of the residential development by Ryan Homes. Richmond American Homes is finishing up their residential development on the south end of Middletown. Laurel Ridge Community College with 3,500 students and staff are located in the immediate vicinity along with; Comfort Inn, McDonalds, Dollar General, 7-11, Liberty C-store with fuel depot, Sheetz C-store with fuel depot with additional retail being planned for this interstate exchange. Locate your business venture where the action is taking place. Public water and sewer are available to the site!

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

Map of 1 Reliance Rd, Middletown, VA, 22645

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.