Commercial Land with Multiple
For Sale
$200,000
Pending
Commonwealth Drive, Madison Heights, VA 24572
Land, Madison Heights, VA
Property SizeContact for details
Lot Size2.47 Acres
Days on Market141
Property Features for Commonwealth Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Zoning description
B2
Elementary school
Amelon Elem
Middle school
Monelison Midl
High school
Amherst High
Elementary school district
Amherst
Middle school district
Amherst
High school district
Amherst
Directions
29 to Madison Heights to Commonwealth Dr at Tharp Funeral Home
Subdivision
Amherst
Standard status
Pending
APN
148-A32-A
Lot size
2.47 Acres
Taxes and HOA fees
Tax Description
Rt 29 Cedar Ridge Parcel A Pb 1 Slide 215
Legal Description
Rt 29 Cedar Ridge Parcel A Pb 1 Slide 215
Utilities
Utilities
Cable Available
Listing Agency:
John Stewart Walker, Inc
(434) 385-6655
Listed By:
Jimmy Miller · License #0225201733
(434) 942-8547
Added: Apr 16
Changed: Aug 19
Last Checked: Sep 3 at 2:06PM
MLS# 365878
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 2.467-acre commercial land parcel is zoned B-2 and extends along Commonwealth Drive, Rt 29, and Highview Drive. The site is described as laying well, providing a usable development setting with frontage on multiple roads.
County water and sewer are available, and cable service is listed among the property utilities. The parcel is near shopping and a bypass, adding convenient access to surrounding commercial areas. The owners are willing to subdivide, creating flexibility for different site configurations or development plans.
County water and sewer are available, and cable service is listed among the property utilities. The parcel is near shopping and a bypass, adding convenient access to surrounding commercial areas. The owners are willing to subdivide, creating flexibility for different site configurations or development plans.
Key Highlights
- 2.467‑acre commercial land parcel
- B‑2 zoning
- Frontage on Rt 29, Commonwealth Dr and Highview Dr
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 24572, VA
16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - B-2-zoned commercial land with access from three roads and potential subdivision flexibility.
Where is this commercial land located?
The property is located at Commonwealth Drive Madison Heights, VA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 2.467‑acre commercial land parcel; B‑2 zoning; Frontage on Rt 29, Commonwealth Dr and Highview Dr
