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    1966 Amherst Hwy Amherst, VA 24521

    For Sale
    $215,000

    Versatile Commercial Space w/ Apartment

    Property size:
    1,935 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property, located at 1966 N Amherst Highway in Amherst, VA, offers 1,935 square feet of versatile space on a 2.4-acre lot. The main structure features a spacious three-bay garage, ideal for various commercial uses. Two bays are within a 27x27 foot area, with an additional bay situated on the building's side. The property boasts a well-appointed office and waiting area, perfect for client interaction. A significant advantage is the separate entrance leading to a studio-style apartment, complete with a bathroom and kitchenette. This area offers flexible use, serving as additional storage or a comfortable living space. The property's prime location directly off Highway 29-BUS ensures high visibility and convenient access. The ample 2.4-acre lot provides significant expansion potential or ample parking. This unique property presents a rare opportunity to acquire a versatile commercial space with added residential potential in a desirable location. The combination of garage space, office area, and apartment makes this an attractive investment for a variety of business needs. Serious inquiries are encouraged to explore the full potential of this exceptional property.

    Property Features for 1966 Amherst Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,935 SF
    Lot Size
    104,544 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Clothing Store Garden Center Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Amherst
    State
    Virginia
    Longitude
    -78.9948
    Latitude
    37.63284

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Space w/ Apartment
    Where is this commercial real estate located?
    The property is located at 1966 Amherst Hwy Amherst, VA.
    What is the asking price?
    The asking price for this property is $215,000.
    (434) 386-8501
    Request Owner's contact information
    1966 Amherst Hwy Amherst, VA 24521
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    Amherst, VA 24521
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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
    1966 Amherst Hwy Amherst, VA 24521
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