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    161-179 Madison Heights Sq Madison Heights, VA 24572

    For Lease
    Contact for pricing

    Retail space available within established shopping center.

    Property size:
    2,700 SF
    Lot size:
    20.73 Acres

    Property Features for 161-179 Madison Heights Sq

    General Information

    Size
    2,700 SF
    Lot size
    20.73 Acres

    Source: Commonwealth Commercial Agent Morgan Trible

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Madison Heights

    This retail space offers approximately 3,200 square feet for lease within a shopping center. The inline shops total approximately 19,900 square feet. The location benefits from a traffic count of approximately 30,900 vehicles per day on S. Amherst Highway. Current tenants include Walmart, Cato, H&R Block, and Great Clips.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.1167264
    Latitude
    37.4627918

    Nearby Similar for Lease

    • $7 SF/Yr
      9,600 SF

      Madison Heights Commercial Building

      9,600 SF Flex/Warehouse, 1.34 Acres
      138 Amelon Expy, Madison Heights, VA 24572
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available within established shopping center.
    Where is this strip mall located?
    The property is located at 161-179 Madison Heights Sq Madison Heights, VA.
    What are key features of this property?
    This property features: - 3,200± SF available for lease; - Located within 19,900± SF of inline shops; - High traffic count: 30,900± VPD on S. Amherst Highway
    (804) 687-6209
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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
    161-179 Madison Heights Sq Madison Heights, VA 24572
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