Search
Commercial Land at Major Intersection
For Lease
$192,000

12640 LORD FAIRFAX Hwy, Boyce, VA 22620

8 acres of commercial land for ground lease.

Space SizeContact for details
Lot Size68.52 Acres
Days on Market141

Property Features for 12640 LORD FAIRFAX Hwy

General Information

Standard status Active
Lot size 68.52 Acres
Property subtype Commercial
Lease Term 5 years

Building Details

Year Built 1780
Listing Agency: Oakcrest Commercial Real Estate
Listed By: H. Paige Manuel · License #0225023519
Source: Elliman
Added: Mar 25 Changed: Aug 8 Last Checked: Jul 3 at 9:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Oakcrest Commercial Real Estate

Investment Insights

Based on property information with market context.

This property offers a ground lease opportunity for developing 8 acres of commercial land. It is located at the intersection of US 50 and US 340, a major intersection known as Waterloo in Clarke County, VA. The location offers excellent visibility, exposure, and signage opportunities. This is a major four-way intersection with existing traffic signals. Potential development and ground lease opportunities include convenience stores, fast food restaurants, fast casual restaurants, farm center stores such as TSC or Tractor Supply, professional offices, insurance offices, real estate brokers, urgent medical care, doctors, dentists, or veterinarians. Flexible ground lease terms are available, ranging from 5 years to 25 years.

Key Highlights

  • 8‑acre commercial land ground lease opportunity at a major four‑way intersection (US 50 & US 340).
  • High visibility and exposure with excellent signage opportunities.
  • Traffic signals already installed at the intersection.

Property Analytics

Current Use

Waterloo Service Center Auto Repair Shop

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Bakery Parking Lot & Garage Auto Repair Shop

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

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

36
Businesses Nearby

Demographics for 22620, VA

2,595
Population
1,127
Households
2.3
Avg Household Size
48
Median Age
42%
College-Educated
88%
High-School Grad
45.7 sq mi
ZIP Area
57
Density / Sq Mi
$112,446
Median Household Income
$50,625
Median Earnings
$1,230
Median Rent
$494,600
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - 8 acres of commercial land for ground lease.
Where is this commercial land located?
The property is located at 12640 LORD FAIRFAX Hwy Boyce, VA.
What is the lease rate?
The lease rate is $192,000.
What are key features of this property?
This property features: 8‑acre commercial land ground lease opportunity at a major four‑way intersection (US 50 & US 340).; High visibility and exposure with excellent signage opportunities.; Traffic signals already installed at the intersection.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message