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725 Commonwealth Dr
Norton, VA 24273
0.65 AC Walmart Outparcel · Land For Sale
·
0.65 AC
Investment Highlights
- ±0.65-acre commercial development site in Norton, Virginia.
- Well suited for quick-service restaurant, drive-thru coffee, retail, office, and service-oriented development.
- Surrounded by established national and regional retailers and restaurants.
- Zoned B-3 General Business District allowing a wide variety of commercial uses.
- Located just off U.S. Route 23 with traffic counts of approximately 20,632 vehicles per day.
- Positioned within a regional trade area serving Wise County and surrounding Appalachian communities.
Executive Summary
Property Facts
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.65 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | B-1 - Neighborhood Business Districts/Limited Business Districts, commercial uses are permitted, including smaller retail shops, offices, & some services | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.65 AC |
| Opportunity Zone |
Yes |
| Zoning | B-1 - Neighborhood Business Districts/Limited Business Districts, commercial uses are permitted, including smaller retail shops, offices, & some services |
1 Lot Available
Lot
| Price | $299,000 | Lot Size | 0.65 AC |
| Price Per AC | $462,848.30 |
| Price | $299,000 |
| Price Per AC | $462,848.30 |
| Lot Size | 0.65 AC |
Zoned B-3 General Business District, the property allows for a broad range of commercial uses and is particularly well suited for quick-service restaurant, drive-thru coffee, retail, office, financial, or service-oriented development concepts.
Description
Positioned just off U.S. Route 23, the site benefits from strong regional accessibility and traffic exposure. Reported traffic counts include approximately 20,632 vehicles per day along U.S. Route 23 and 4,700 vehicles per day along nearby Hawthorne Drive. The property's location places it within an established retail concentration surrounded by national and regional retailers, restaurants, and service providers. Nearby businesses include Walmart, Hibbett Sports, GNC, Verizon, Bealls, T-Mobile, Pizza Hut, Great Clips, AutoZone, Applebee’s, Sonic, Lowe’s, Harbor Freight, Food City, Belk, Marshalls, Tractor Supply, and numerous other retailers serving the greater Wise County market. Norton functions as a regional commercial hub for Southwest Virginia, supported by nearby institutions such as the University of Virginia's College at Wise, Norton Community Hospital, and other major employers that drive consumer activity throughout the area.
Property Taxes
| Parcel Number | 232N-4088 | Improvements Assessment | $0 |
| Land Assessment | $300,000 | Total Assessment | $300,000 |
Property Taxes
