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    5066 S Amherst Hwy Madison Heights, VA 24572

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    For Sale
    $110,000

    1,200 SF office condo minutes from Downtown Lynchburg.

    Property size:
    1,200 SF
    Lot size:
    2.05 Acres

    Property Features for 5066 S Amherst Hwy

    General Information

    Size
    1,200 SF
    Lot size
    2.05 Acres

    Source: Gentry Commercial Real Estate, Inc Agent Christopher Gentry

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

    Overview

    Office Condo Near Downtown Lynchburg

    This 1,200 square foot end unit office condominium is located minutes from Downtown Lynchburg, providing convenient access to the Lynchburg Expressway and U.S. 29 Bypass. The unit is configured with two large rooms, an office, and two bathrooms. It is situated within the Madison Square office condominium development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Thayer Design Inc Exhibit Matthew W Cox, ... Tax Preparation Service Peaceful Alternatives Community ... Mediation Service Clear Water Pools Swimming Pool Contractor John E Wingfield ... Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -79.1232647
    Latitude
    37.4327343

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    FAQs

    What type of property is this?
    Office space - 1,200 SF office condo minutes from Downtown Lynchburg.
    Where is this office space located?
    The property is located at 5066 S Amherst Hwy Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - Convenient location minutes from Downtown Lynchburg with easy access to the Lynchburg Expressway and U.S. 29 Bypass.; - 1,200sf end unit office condo.; - Configured into two large rooms, office and 2 bathrooms.
    (434) 485-8900
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    5066 S Amherst Hwy Madison Heights, VA 24572
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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
    5066 S Amherst Hwy Madison Heights, VA 24572
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