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    0-0 Commonwealth Dr Madison Heights, VA 24572

    For Sale
    $224,999

    Commercial/Indust - Madison Heights, VA

    Lot size:
    2.47 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 0-0 Commonwealth Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    APN
    148A32A
    Lot size
    2.47 Acres

    Taxes and HOA fees

    Expense value
    1
    Expense
    Home Owner Assessments Fee

    Building Details

    Flooring type
    Other
    Architectural style
    Other

    Overacre, Inc (434) 841-7537 [email protected]

    Listing agent Kevin Cash (434) 832-1100 License #0225027311

    Listing date Sep 23, 2025

    MLS# 361761 Listing URL

    Copyright © 2025 Lynchburg Virginia MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Madison Heights

    This 2.467-acre commercial land parcel is located in Madison Heights, Virginia. The property is zoned B2 and is suitable for commercial or industrial use. According to the listing remarks, this lot presents a great building opportunity for a business and can be subdivided. The property is situated in the heart of Madison Heights.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Department Store HVAC Service Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.0906
    Latitude
    37.4692

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    FAQs

    What type of property is this?
    Commercial land - 2.467 acre commercial building lot in the heart of Madison Heights.
    Where is this commercial land located?
    The property is located at 0-0 Commonwealth Dr Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $224,999.
    What are key features of this property?
    This property features: - Great building lot suitable for business.; - Located in the heart of Madison Heights.; - Can be subdivided.
    (434) 832-1100
    Request Owner's contact information
    0-0 Commonwealth Dr Madison Heights, VA 24572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0-0 Commonwealth Dr Madison Heights, VA 24572
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