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    3587 S Amherst Hwy Monroe, VA 24574

    For Lease
    $4,500 /Mo ($10 SF/Yr)

    5,000 sq ft retail building on well-traveled Route 29.

    Property size:
    5,000 SF
    Lot size:
    0.68 Acres

    Property Features for 3587 S Amherst Hwy

    General Information

    Size
    5,000 SF
    Lot size
    0.68 Acres

    Source: Coldwell Banker Commercial | Read & Co. Agent Luke Dykeman

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

    Overview

    Retail Building on Route 29

    This 5,000 sq. ft. building is located on Route 29 in Monroe, Virginia, north of Madison Heights and Lynchburg. The property features a 10'x8' roll-up door, showroom windows, a large open shop/retail area, central air, diesel heat, and two restrooms. It also includes 200 AMP electrical service, outside storage, and building signage. This property is situated on a well-traveled business corridor.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Amherst
    State
    Virginia
    Longitude
    -79.119786
    Latitude
    37.485134

    FAQs

    What type of property is this?
    Retail space - 5,000 sq ft retail building on well-traveled Route 29.
    Where is this retail space located?
    The property is located at 3587 S Amherst Hwy Monroe, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Rt. 29 business corridor.; - Large 5,000 sq. ft. building suitable for shop/retail.; - 10'x8' roll-up door for easy access.
    (434) 944-3920
    Request Owner's contact information
    3587 S Amherst Hwy Monroe, VA 24574
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    Monroe, VA 24574
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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
    3587 S Amherst Hwy Monroe, VA 24574
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