3714 Waterlick Rd Forest, VA 24551-1563
This exceptional 2.31-acre commercial property, situated at 3714 Waterlick Road in Forest, Virginia, presents a rare opportunity for a discerning investor or entrepreneur. Currently under construction and sold "as-is," the property boasts a partially completed structure designed as a Railroad Diner. The existing foundation provides a significant head start, eliminating the need for extensive groundwork. Included in the sale are windows and other building materials, ready for installation to complete the diner vision or adapt the space to another commercial use. Infrastructure is already in place, including a strategically positioned entrance and exit, a grease trap, a sediment pond, a well, and a septic system – significantly reducing the upfront costs and complexities associated with new construction. The property's prime location on Waterlick Road offers excellent visibility and accessibility, making it ideal for a variety of commercial ventures. The possibilities are vast, allowing for creative adaptation to suit diverse business needs. This is a chance to acquire a partially built commercial property with substantial infrastructure already in place, offering significant cost savings and a unique opportunity for customization. The 1 square foot building footprint provides a blank canvas for your vision. Don't miss this chance to own a piece of Forest's commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-GC · Forest, VAForest. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.