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    115 Morgan Rd Madison Heights, VA 24572

    Under Contract
    For Sale
    Contact for pricing

    Unimproved Land - Madison Heights, VA

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Days on Market:
    451
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 115 Morgan Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active Under Contract
    Zoning
    R1
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Montague Miller & Co (434) 946-5522 [email protected]

    Listing agent Kristin Wood (434) 946-5522 License #0225223247

    Listing date Sep 13, 2024

    MLS# 354546 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

    Buildable Lot Near Route 130

    This one-acre buildable lot is conveniently located just off Route 130 on Virginia's Scenic By-Way, in close proximity to Madison Heights and the 460 Bypass. The property, zoned R1, previously had a home that has been removed, creating a blank canvas for new construction. Large trees remain on the lot, providing shade. Electric and county water access are already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1289871
    Latitude
    37.4659109

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    FAQs

    What type of property is this?
    Land - One-acre buildable lot near Madison Heights and Route 130.
    Where is this land located?
    The property is located at 115 Morgan Rd Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $29,900.
    What are key features of this property?
    This property features: - Buildable 1-acre lot - a blank canvas for your dream home!; - Convenient location near Route 130, Madison Heights, and the 460 Bypass.; - Electric and County water access already in place.
    (434) 946-5522
    Request Owner's contact information
    115 Morgan Rd Madison Heights, VA 24572
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    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
    115 Morgan Rd Madison Heights, VA 24572
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