Route 211 Eats Food Truck Park | 18193 Lee hwy
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Route 211 Eats Food Truck Park 18193 Lee hwy
10,500 SF Vacant Light Industrial Building Amissville, VA 20106 £1,103,811 (£105/SF) 5.36% Net Initial Yield
Investment Highlights
- High traffic VPD road frontage
- Intersection
Executive Summary
The property listed for sale presents an excellent opportunity for development, featuring a fully build-ready parcel equipped with a dedicated water retention pond and runoff diversion system. The site includes two storm drains connected to 15” laterals, which feed into a 21” lateral and then into the retention pond. Extensive site work has already been completed, including a partially paved drive-thru and over 50 dedicated parking spaces. Nearly all curb, gutter, and other site work has been finished, expediting redevelopment.
The previously approved site plan featured a 10,500 sq. ft. structure and a 2,520 sq. ft. drive-thru bank. Utilities are available, with some infrastructure already in place. The site has operational 00A electrical service, and four overhead light poles with updated LED fixtures illuminate the property on a timer. A recent survey has been completed, and an updated site plan is in progress.
The lot, in addition to its estimated $950k value in infrastructure, is currently generating approximately $70k in net annual income with room for further growth. A popular food truck court on the property has over 4,000 followers, with its fanbase expanding daily.
The surrounding area is undergoing large-scale development, with over 700 homes planned across the street (about 350 of which are complete) and an additional 400 homes in the planning stage directly behind the parcel. Additionally, a large 1M+ sq. ft. retail center is under development nearby, including a full-service grocery store. The property is located at a signalized intersection, offering prime development potential with extensive road frontage and visibility to over 20,000 vehicles per day.
The previously approved site plan featured a 10,500 sq. ft. structure and a 2,520 sq. ft. drive-thru bank. Utilities are available, with some infrastructure already in place. The site has operational 00A electrical service, and four overhead light poles with updated LED fixtures illuminate the property on a timer. A recent survey has been completed, and an updated site plan is in progress.
The lot, in addition to its estimated $950k value in infrastructure, is currently generating approximately $70k in net annual income with room for further growth. A popular food truck court on the property has over 4,000 followers, with its fanbase expanding daily.
The surrounding area is undergoing large-scale development, with over 700 homes planned across the street (about 350 of which are complete) and an additional 400 homes in the planning stage directly behind the parcel. Additionally, a large 1M+ sq. ft. retail center is under development nearby, including a full-service grocery store. The property is located at a signalized intersection, offering prime development potential with extensive road frontage and visibility to over 20,000 vehicles per day.
Property Facts
Amenities
- 24 Hour Access
- Fiber Optic Internet
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £455,174 | |
Land Assessment | £1,009,683 | Total Assessment | £1,464,857 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,009,683
Improvements Assessment
£455,174
Total Assessment
£1,464,857
zoning
Zoning Code | CS (https://library.municode.com/va/culpeper_county/codes/code_of_ordinances?nodeId=CD_ORD_APXAZOOR_ART6.1CCOSEDICS) |
CS (https://library.municode.com/va/culpeper_county/codes/code_of_ordinances?nodeId=CD_ORD_APXAZOOR_ART6.1CCOSEDICS) |
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Route 211 Eats Food Truck Park | 18193 Lee hwy
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