Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Forge Rd Lexington, VA 24416

    For Sale
    $595,000

    Prime 5-acre business lot near I-81.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5-acre commercial land parcel presents a rare investment opportunity in Rockbridge County, Virginia. Strategically located on Forge Rd between Buena Vista and Lexington, this property boasts unparalleled visibility due to its placement at a high-traffic intersection with an existing traffic signal. Its proximity to I-81 Exit 188A ensures easy access for customers and employees. The site is ideally suited for a variety of developments, including hotels, retail spaces, or mixed-use projects. The area's strong demand generators include Southern Virginia University, Washington and Lee University, the Virginia Military Institute, and the Virginia Horse Center, guaranteeing a substantial customer base. Nearby established businesses such as Food Lion and CVS further enhance the property's appeal and demonstrate the area's commercial viability. Approved access points and readily available public utilities simplify the development process, minimizing upfront costs and expediting project timelines. This is an irreplaceable opportunity to acquire a highly visible and strategically located commercial property in a thriving region of Virginia. The asking price for this exceptional parcel is $595,000. The property is zoned for business use.

    Property Features for 0 Forge Rd

    General Information

    Property type
    Land

    HighLights

    • $595,000 asking price.
    • 5‑acre commercial land parcel in Buena Vista, VA.
    • Business zoning.
    • High‑traffic location near I‑81 Exit 188A, offering excellent visibility.
    • Ideal for hotel, retail, or mixed‑use development.
    • Proximity to Southern Virginia University, Washington and Lee University, Virginia Military Institute, and Virginia Horse Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lexington
    County
    Rockbridge
    State
    Virginia
    Longitude
    -79.380750023806
    Latitude
    37.742642145598

    Nearby Similar for Sale

    • $325,000
      1,485 SF

      37.5 Acre Lexington Farm

      37.5 acres with cabin, suitable for various uses.
      3441 W Midland Trl, Lexington, VA 24450
      View Details
    • $325,000
      37.50 Acres

      37.5 Acres Agricultural Land

      37.5 acres of land suitable for various agricultural uses.
      3441 W Midland Trl, Lexington, VA 24450
      View Details
    • $699,000
      4,910 SF

      Prime Lexington Office Building For Sale

      High-visibility Lexington office building with parking, suitable for multiple uses.
      210 E Washington St, Lexington, VA 24450
      View Details
    • $1,065,000
      0.53 Acres

      Lexington Investment Property For Sale

      Two-building investment property in Lexington, Virginia, featuring medical office and duplex.
      112 Houston St, Lexington, VA 24450
      View Details
    • $110,000
      2,000 SF

      Turnkey BBQ Restaurant Opportunity

      Successful BBQ restaurant for sale near I-81 and Rt. 60.
      141 E Midland Trl, Lexington, VA 24450
      View Details
    • $345,990
      1,500 SF

      New Duplex-Style Home

      Duplex-style home with 2 bedrooms, 2 bathrooms, and 2-car garage.
      9 Florence Sarah Ln, Lexington, VA 24450
      View Details

    FAQs

    What type of property is this?
    Land - Prime 5-acre business lot near I-81.
    Where is this land located?
    The property is located at Forge Rd Lexington, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: $595,000 asking price.; 5-acre commercial land parcel in Buena Vista, VA.; Business zoning.
    (540) 463-7080
    Request Owner's contact information
    Forge Rd Lexington, VA 24416
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Forge Rd
    Lexington, VA 24416
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Forge Rd Lexington, VA 24416
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.