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Redevelopment Land with Retail
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Pending

4743 S Amherst Hwy., Madison Heights, VA 24572

106-acre site includes a leased 2,640 SF retail building and 400 feet of road frontage on South Amherst Hwy.

Property Size2,640 SF
Lot Size106.00 Acres
Days on Market143

Property Features for 4743 S Amherst Hwy.

General Information

Standard status Pending
Size 2,640 SF
Lot size 106.00 Acres
Property subtype Land

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes
Listing Agency: Coldwell Banker Commercial Read & Co.
Listed By: Rick Read · License #VA
Source: Crexi
Added: Apr 11 Changed: Aug 26 Last Checked: Aug 31 at 4:32AM

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 Coldwell Banker Commercial Read & Co.

Investment Insights

Based on property information with market context.

This 106-acre property is subdivided into four parcels and includes a 2,640-square-foot retail building currently leased through 7/2023. The site is served by water and sewer, with electricity on site, and is positioned for redevelopment based on its current configuration.

The property is located on South Amherst Hwy. in Madison Heights, VA, with approximately 400 feet of road frontage. The land is adjacent to the Seminole Shopping Center (Big Lots) and near a proposed mixed-use development.

Zoning on the property consists of 94.3 acres zoned Industrial and 12 acres zoned B-2. Starbucks and Dunkin Donuts are also noted as coming in 2023 across the road from the site.

Key Highlights

  • 106‑acre site in Madison Heights, VA with 400' of road frontage on South Amherst Hwy.
  • Subdivision includes 4 parcels for flexibility in redevelopment planning.
  • Land zoning: 94.3 acres zoned Industrial and 12 acres zoned B‑2.

Property Analytics

Current Use

Hair Saloon Hair Salon The Store Propane Supplier

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Storage Facility Dental Office Plumbing Service

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

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

Demographics for 24572, VA

16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Industrial land - 106-acre site includes a leased 2,640 SF retail building and 400 feet of road frontage on South Amherst Hwy.
Where is this industrial land located?
The property is located at 4743 S Amherst Hwy. Madison Heights, VA.
What are key features of this property?
This property features: 106‑acre site in Madison Heights, VA with 400' of road frontage on South Amherst Hwy.; Subdivision includes 4 parcels for flexibility in redevelopment planning.; Land zoning: 94.3 acres zoned Industrial and 12 acres zoned B‑2.
(434) 841-4110 Call to check price and availability
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