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124-138 Cedar Gate Rd Monroe, VA 24574

For Sale
$299,000

High-visibility Rt. 29 location, redevelopment potential.

Property size:
4,424 SF

Description

Added:
Feb 3, 2025
Days on Market:
307
This exceptional commercial property, encompassing two tax parcels at 124 and 138 Cedar Gate Road in Monroe, Virginia, presents a unique redevelopment opportunity. Situated on a highly visible section of Route 29, this 2.2-acre lot offers unparalleled access and exposure. The combined 4,424 square feet of land is currently zoned for a diverse range of commercial uses, including medical facilities, office spaces, retail stores, daycare centers, car washes, and breweries, among others. A convenient cut-through, deceleration lane, and turn-in from Route 29 ensure easy ingress and egress for customers and employees. The property is serviced by public water and a septic system. Adding to its versatility, there's potential for rezoning to accommodate single-family residential or duplex development. This presents a flexible investment opportunity for developers seeking a high-traffic location with significant potential for diverse uses. The parcels are available for purchase individually or as a single combined property, providing buyers with options to suit their specific needs and investment strategies. This prime location and flexible zoning make this an exceptional opportunity for a variety of commercial or residential ventures.

Property Features for 124-138 Cedar Gate Rd

General Information

Property type
Other commercial real estate
Square Feet
4,424 SF
Lot Size
95,832 SF

Building Details

Year Built
1924

Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Food Market Garden Center Discount Store

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

Location Insight

  • Map
  • Local Demand
City
Monroe
County
Amherst
State
Virginia
Longitude
-79.12617
Latitude
37.4959

FAQs

What type of property is this?
Commercial real estate - High-visibility Rt. 29 location, redevelopment potential.
Where is this commercial real estate located?
The property is located at 124-138 Cedar Gate Rd Monroe, VA.
What is the asking price?
The asking price for this property is $299,000.
More about this property
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