Listed By: Jason Hetherington, SIOR Show Phone

Source: Cbre

Added: Oct 2 Changed: Oct 3 Last Checked: Oct 7 at 11:39AM

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Investment Insights

Based on property information with market context.

This industrial land parcel in Bedford County has public water on-site and rail service. Its transportation setting is at the interchange of I-81 South and Highway 460, with access to regional highway routes.

Key Highlights

• Public water on‑site
• Rail service available
• Located at the I‑81 South and Highway 460 interchange

Property Analytics

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Current Use

TransMontaigne Gas Company

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

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Demographics for 24122, VA

1,624

Population

687

Households

2.4

Avg Household Size

49

Median Age

19%

College-Educated

82%

High-School Grad

29.6 sq mi

ZIP Area

55

Density / Sq Mi

$65,238

Median Household Income

$42,376

Median Earnings

$189,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial land - Public water is on-site, with rail service available for industrial operations.

Where is this industrial land located?

The property is located at 11685 West Lynchburg Salem Turnpike Montvale, VA.

What are key features of this property?

This property features: Public water on‑site; Rail service available; Located at the I‑81 South and Highway 460 interchange