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    4842 Amherst Hwy Madison Heights, VA 24572

    For Lease
    Contact for pricing

    Madison Heights Retail Spaces Available

    Lot size:
    5,950 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Blockbuster Heights Shopping Center presents a prime retail opportunity in Madison Heights, VA. This shopping center, situated on a highly trafficked, signalized corner of S. Amherst Hwy (Bus. 29), is under new ownership and undergoing improvements. Three retail spaces are currently available, ranging in size from 650 square feet to 2,800 square feet, offering flexibility for various business types. One notable space is a 2,500 square foot end-cap unit with drive-thru potential, ideal for businesses requiring convenient customer access. Other spaces around 1,400 square feet are also available. The center benefits from a strong existing tenant base and a vibrant surrounding commercial environment. Nearby businesses include a recently opened Starbucks (2023), a soon-to-open Dunkin' Donuts (2024), a recently opened Cookout (2024), Waffle House, Big Lots, and CVS, ensuring high visibility and foot traffic. This location offers excellent potential for growth and success within a thriving community. The property is located in Amherst County and is classified as a multi-tenant shopping center. The center's strategic location and ongoing improvements make it an attractive investment for businesses seeking a high-traffic location in a rapidly developing area. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

    Property Features for 4842 Amherst Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,950 SF

    Unit(s) available at that property

    Space
    End-Cap w/Drive-Thru
    Size
    2,500 SF
    Space
    Stand Along Drive-Thru
    Size
    650 SF
    Space
    End-Cap
    Size
    2,800 SF

    HighLights

    • Retail and land opportunity in Amherst County, VA.
    • Three available retail spaces ranging from 650 to 2,800 square feet.
    • Located at a signalized corner on heavily trafficked Business Route 29 in Madison Heights, VA.
    • New ownership with ongoing property improvements.
    • Strong surrounding tenant mix including Starbucks, Dunkin' Donuts, Cookout, Waffle House, Big Lots, and CVS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    S&J Pita & more Sandwich Shop

    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
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.121034
    Latitude
    37.440145

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    Nearby Similar for Lease

    • $7 SF/Yr
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      Madison Heights Commercial Building

      9,600 SF Flex/Warehouse, 1.34 Acres
      138 Amelon Expy, Madison Heights, VA 24572
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Madison Heights

      Retail space available within established shopping center.
      161-179 Madison Heights Sq, Madison Heights, VA 24572
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Madison Heights Retail Spaces Available
    Where is this lifestyle center located?
    The property is located at 4842 Amherst Hwy Madison Heights, VA.
    What are key features of this property?
    This property features: Retail and land opportunity in Amherst County, VA.; Three available retail spaces ranging from 650 to 2,800 square feet.; Located at a signalized corner on heavily trafficked Business Route 29 in Madison Heights, VA.
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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
    4842 Amherst Hwy Madison Heights, VA 24572
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