Prime commercial site suitable for office, hotel or retail. Recent survey. Zoned for business.
Located on I-64 at Exit 21 in Low Moor, VA 24457
This 4.87 acre undeveloped commercial property is situated along the east bound ramp at Exit 21 I64 in Low Moor VA and lies with the opportunity zone 51005080202 certified in Alleghany County. The site is cleared with approximately 556 feet of frontage on Virginia State Route 696, Selma-Low Moor Road and 339 feet on Route 1312, Karnes Road. The site is zoned for business.
The Karnes Creek site is plenty big enough for an office building, hotel/motel, or medical center. B-1 zoning in Alleghany County VA lists nearly 30 different acceptable uses. Any of which could be a fit.
Noteworthy
> Karnes Creek is Opportunity Zone investment eligible and offers a tax advantaged investment opportunity by allowing investors to defer, reduce, and eliminate capital gains.
> The Karnes Creek site at Exit 21 is located diagonally across the interstate from the newly opened Love’s Travel Stop.
> LewisGale Hospital – Alleghany, a regional hospital, is located across the Selma-Low Moor Road (Route 696) from the Karnes Creek site.
Existing Structures
The robust spring on this property runs cold and clear and at one time served as a source of water for the local community. The spring (actually 3 springs) forms a pool approximately 30 feet wide by 100 feet long which overflows as a perennial stream to join Karnes Creek. An abandoned brick pump house is located on the eastern side of the spring pond.
The Creek
Karnes Creek runs along the southern end of the property parallel to Karnes Road and divides the site into two pieces. The smaller portion of the property between the creek and Karnes Road is just under one acre (0.994 acres measured to the centerline of the creek). The 1-acre parcel includes the spring. The larger site is 3.876 acres, or just shy of four acres.
In Alleghany County between Clifton Forge and Covington, VA
Lewisburg, WV; Lexington and Roanoke, VA are just 35 minutes to under an hour away. Interstates 64 and 81, Virginia State Routes 60 and 220 offer corridors in and out of the area.
Zoning: B-1 Business
This property is located in an Enterprise Zone
The site is in an Enterprise Zone and Foreign Trade Zone. Details.
Karnes Creek Land for Sale
For More Information Contact:
Karnes Creek Investment Company, LLC
P. O. Box 635, Clifton Forge, VA 24422
Email: karnescreekland4sale@gmail.com
Tel: (540) 960-1135