Listing Agency: Dewitt Real Estate & Auctions Show Phone

Listed By: Ann Parnell

Source: Exprealty

Added: Aug 4, 2023 Changed: Aug 8 Last Checked: Jul 21 at 3:20AM

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Investment Insights

Based on property information with market context.

This property comprises two adjoining parcels, identified as Parcel ID 11B-9-1 (1.4 acres) and 11B-9-2 (2.63 acres), along with an additional parcel of 0.66 acres, totaling 4.69 acres. The listing includes a site plan for 295 storage units. The property is zoned Business/General Commercial and is located approximately 1/2 mile from sewer lines.

Key Highlights

• Great location
• 4.69 acres total land area
• Includes site plan for 295 storage units

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Restaurant Dental Office Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

106

Businesses Nearby

Explore this area Business Placement

Demographics for 24551, VA

25,601

Population

10,844

Households

2.4

Avg Household Size

42

Median Age

47%

College-Educated

96%

High-School Grad

74.2 sq mi

ZIP Area

345

Density / Sq Mi

$91,119

Median Household Income

$49,846

Median Earnings

$1,087

Median Rent

$345,600

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

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Frequently Asked Questions

What type of property is this?

Commercial land - 4.69 acres of commercial land, ideal for storage units.

Where is this commercial land located?

The property is located at 4143 Waterlick Rd Forest, VA.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Great location; 4.69 acres total land area; Includes site plan for **295 storage units**