Forest, VA Commercial Real Estate for Sale

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Lynchburg, VA Evington, VA Goode, VA Madison Heights, VA Rustburg, VA Coleman Falls, VA Huddleston, VA Bedford, VA

20 properties

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Updated: Aug 27

Cleared C-2 Commercial Land

0 Forest Road, Forest, VA 24502

$599,000

4.00 AC lot

4‑acre commercial land parcel
C‑2 General Commercial zoning
Cleared lot for future development
Located on Rt. 221 and Forest Road in Forest, VA

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Updated: Aug 5

Single-Tenant Bank Building

14915 FOREST RD, Forest, VA 24551

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5,526 sqft

5,526‑square‑foot bank building constructed in 2005
Atlantic Union Bank lease extends through September 2040, with approximately 14 years remaining
NNN lease includes 1.50% annual escalations and two 5‑year renewal options with 2.00% annual increases
Located on Forest Road (US Route 221) at Perrowville Road, with approximately 34,700 vehicles per day
Outparcel to Kroger‑anchored Forest Square Shopping Center with McDonald’s, Taco Bell, and Bojangles

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Office Building with Executive Suites

14680 Forest Road, Forest, VA 24551

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8,566 sqft

Professional office configuration includes private rooms, executive suites, collaborative workspace, conference facilities, and dedicated support areas.

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Working Farm with Lake

2205 New London Road, Forest, VA 24551

$17,599,999

5,130 sqft

Active agricultural property with pasture, barns, fencing, multiple water features, and a livable contemporary residence.

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Commercial Development Land with Views

15173 Forest Rd, Forest, VA 24551

$899,900

5.70 AC lot

5.7-acre commercial development site with road frontage and wide mountain views in Forest, VA.

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Commercial Property Near Timberlake Road

3431 Waterlick Rd, Forest, VA 24551

$599,900

4,360 sqft 1.50 AC lot

Versatile commercial property with high exposure and ample parking.

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Planned Commercial Development Land

1829 Hooper Rd, Forest, VA 24551

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163.95 AC lot

Large tract zoned PCD with over 3,000 feet of road frontage and public water and sewer service.

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Retail Cottage in Prime Location

1129 Thomas Jefferson Rd, Forest, VA

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1,830 sqft 0.88 AC lot

1,830 SF retail cottage in growing Forest, VA.

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Office Units with Expansion Space

18264 Forest Rd, Forest, VA 24551

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2,000 sqft

Office configuration includes reception, multiple workspaces, restrooms, and a separately accessed lower level.

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Commercial Land with Turn Lane

17513 Forest Road, Forest, VA 24551

$395,000

9,999 sqft

Commercial access improvements and public sewer are already in place.

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Pad-Ready Industrial Land

1450 Meade Rd, Forest, VA 24551

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Planned Industrial zoning supports business, research, and manufacturing uses with water, sewer, and telecom fiber in place.

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Commercial Land Parcel with Frontage

15020 Forest Road, Forest, VA 24551

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4.78 AC lot

A +/- 4.78-acre commercial parcel with 518+ feet of road frontage on U.S. 221.

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Planned Development Land Tract

1475 Hooper Rd, Forest, VA 24551

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163.95 AC lot

Large tract with 3,000+ feet of road frontage, public water and sewer, and PCD zoning for flexible commercial planning.

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Flex Space with Heated Warehouse

1019 Dillard Dr., Forest, VA 24551

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Office and warehouse space with fiber connectivity, drive-in access, parking, and pallet racks included.

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Pet Boarding and Grooming Facility

10705 Forest Rd, Forest, VA 24551

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Established facility features 53 indoor dog runs and kennels, grooming equipment, office space, and multiple fenced play yards.

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Commercial Land with Development Potential

4143 Waterlick Rd, Forest, VA 24551

$525,000

4.00 AC lot

4.69 acres of commercial land, ideal for storage units.

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Commercial Land on Forest Road

14580 Forest Rd, Forest, VA 24551

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1.44 AC lot

Two parcels totaling 1.44 acres with road frontage.

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Commercial Land Near New Development

22101 Timberlake Road, Forest, VA 24551

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1.08 AC lot

1.08 acre commercial land with utilities available.

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Corner Parcel on Waterlick Road

5523 Waterlick Road, Forest, VA 24551

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High-visibility commercial land parcel at a signalized intersection.

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Prime Land on Forest Road

Forest Road, Forest, VA 24551

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5.11 AC lot

5.11 acres on Forest Road, ideal for development.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Forest, VA, we suggest to view alternatives - similar 52 Off-Market properties to explore as potential leads.

Off-Market Properties in Forest, VA

Consider similar Off-Market properties in Forest, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

17841 Frst Rd, Forest, VA 24551

$630,000

Estimated value

5,292 sqft 0.69 AC lot

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COMMERCIAL (GENERAL)

1095 Venture Dr, Forest, VA 24551-2247

$5,975,000

Estimated value

70,280 sqft 7.77 AC lot

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COMMERCIAL (GENERAL)

14566 Frst Rd, Forest, VA 24551-4689

$3,870,000

Estimated value

13,493 sqft 2.80 AC lot

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COMMERCIAL (GENERAL)

1144 Spg Crk Dr, Forest, VA 24551-8211

$9,180,000

Estimated value

29,676 sqft 0.36 AC lot

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Forest, VA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Forest, VA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 37,411 square feet of properties for sale, with an estimated market value of $20,618,800.

Sale prices for business properties in Forest, VA start at $395,000, averaging $3,436,466, and reaching up to $17,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 28K

Population Growth (5Y) +11.0%

Median Household Income $91,119

College Educated 66.0%

High-Yield Neighborhoods for Investment

Identify Forest submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Lynchburg - 24502	$599K
Forest - 24551	$3.6M

Taxes & Financing

Tax Rate (average for all types) 0.75%

Property Tax per SF $19.15 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Bedford County

New Delisted

Total CRE Inventory on Market (SF)

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