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    635 Lew Dewitt Blvd Waynesboro, VA 22980

    Sponsored
    For Sale
    $648,000

    Prime Waynesboro development site, ideal for commercial use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.62-acre commercial land parcel presents a unique development opportunity in the thriving Waynesboro, Virginia market. Located at 635 Lew Dewitt Blvd, zip code 22980, this property boasts two convenient access points from Lew Dewitt Boulevard, ensuring excellent visibility and accessibility. Its strategic location offers easy access to Interstate 64, placing businesses within reach of a wider customer base. The surrounding area is anchored by major national retailers including Lowe's, Walmart, and Home Depot, creating a high-traffic environment and strong retail synergy. Further enhancing its appeal, the property sits directly across from a newly constructed storage unit development, indicating a robust and growing commercial sector. The property is zoned HB & RS-12, allowing for a variety of commercial development options. The area surrounding Exit 94 of I-64 is experiencing significant population growth, fueled by expansion from the Charlottesville/Albemarle market, making this a particularly attractive investment for developers seeking to capitalize on this upward trend. The asking price for this exceptional opportunity is $648,000. This property offers significant potential for substantial return on investment.

    Property Features for 635 Lew Dewitt Blvd

    General Information

    Property type
    Land
    Lot Size
    114,127 SF

    HighLights

    • 2.62‑acre commercial land parcel in Waynesboro, VA (22980).
    • Dual access points from Lew Dewitt Blvd for excellent visibility and accessibility.
    • Prime location near I‑64, providing easy access to a large customer base.
    • High‑traffic area with nearby national retailers (Lowe's, Walmart, Home Depot).
    • Across from a new storage facility, indicating strong commercial growth.
    • HB & RS‑12 zoning allows for diverse commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waynesboro
    County
    Augusta
    State
    Virginia
    Longitude
    -78.936866769638
    Latitude
    38.07038326565

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    FAQs

    What type of property is this?
    Land - Prime Waynesboro development site, ideal for commercial use.
    Where is this land located?
    The property is located at 635 Lew Dewitt Blvd Waynesboro, VA.
    What is the asking price?
    The asking price for this property is $648,000.
    What are key features of this property?
    This property features: 2.62-acre commercial land parcel in Waynesboro, VA (22980).; Dual access points from Lew Dewitt Blvd for excellent visibility and accessibility.; Prime location near I-64, providing easy access to a large customer base.
    Request Owner's contact information
    635 Lew Dewitt Blvd Waynesboro, VA 22980
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    Waynesboro, VA 22980
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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
    635 Lew Dewitt Blvd Waynesboro, VA 22980
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