This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

Property Facts

Price £1,103,811
Price Per SF £105
Sale Type Investment or Owner User
Net Initial Yield 5.36%
Sale Conditions
Business Value Included
  • Development Sale
Property Type Light Industrial
Property Subtype
Light Distribution
  • General Retail Fast Food
  • General Retail Storefront Retail/Office
  • Office Medical
Lot Size 4.63 AC
Construction Status Proposed
Rentable Building Area 10,500 SF
Number of Floors 2

Amenities

  • 24 Hour Access
  • Fiber Optic Internet

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2-24A
  • 2-24
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)
  • Listing ID: 33111030

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 18193 Lee hwy, Amissville, VA 20106

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}