8570 Wards Rd Rustburg, VA 24588
Property Features for 8570 Wards Rd
General Information
- Lot size
- 26.00 Acres
Source:
Moodyscre
Listing Agent: George Lupton, Iii
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
26 Acres with Income Potential
This 26-acre property features 1,000 feet of road frontage along US Route 29 South. The property includes a 2,763-square-foot freestanding restaurant facility with a fully functioning kitchen and ample parking, as well as roadside pylon signage. Additionally, there is an 8,000-square-foot multi-family facility containing 8 units, and a 1,100-square-foot residential rental house. The annual gross income from the multi-family units and rental home is $49,200, with 100% occupancy. The portion of the property fronting US Route 29 South is zoned B-GC for commercial use, while the back half is zoned R-SF, allowing for the redevelopment of up to 64 single-family homes. The commercially zoned parcel is accessible from US Route 29 South, and the residentially zoned parcel is accessible from Route 24. County water is available along both US Route 29 South and Route 24. The property is located 3 miles south of the Lynchburg Regional Airport.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Rustburg
- County
- Campbell
- State
- Virginia
- Longitude
- -79.1893027
- Latitude
- 37.2488795
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 26 acres with existing income and redevelopment potential.
Where is this commercial land located?
The property is located at 8570 Wards Rd Rustburg, VA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: - Significant income potential: $49,200 annual gross income.; - High redevelopment potential: Zoned for up to 64 single-family homes.; - Prime commercial location on US Route 29 South.