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

    2448 Lake Monticello Rd Palmyra, VA 22963

    Sponsored
    For Sale
    $4,250,000

    35 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34.94-acre commercial land parcel presents a rare development opportunity in Palmyra, Virginia. Located at 2448 Lake Monticello Rd, this property consists of six contiguous parcels (APN: 9-A-11, 9-A-11B, 9-A-11C, 9-A-11D, 9-A-11F, 9-A-11G) and is zoned B-1, allowing for a variety of commercial uses. Its prime location within the thriving Lake Monticello community offers significant advantages, including proximity to residential areas, lake amenities, and high traffic volume. The site is well-suited for projects such as medical facilities, grocery stores, or retail establishments, catering to the growing needs of both residents and visitors. Existing infrastructure, including water and power, simplifies the development process, reducing upfront costs and accelerating project timelines. This strategic location and substantial acreage provide immense potential for significant return on investment. The property's proximity to scenic lake beaches and community amenities further enhances its appeal and desirability. This is a unique opportunity to capitalize on the area's growth and establish a thriving commercial presence in a vibrant community. The asking price for this exceptional property is $4,250,000.

    Property Features for 2448 Lake Monticello Rd

    General Information

    Property type
    Land
    Lot Size
    1,521,986 SF

    HighLights

    • 34.94‑acre commercial land parcel in Palmyra, VA, offering significant development potential.
    • Located at 2448 Lake Monticello Rd, comprised of six contiguous parcels (APN: 9‑A‑11, 9‑A‑11B, 9‑A‑11C, 9‑A‑11D, 9‑A‑11F, 9‑A‑11G), zoned B‑1.
    • Prime location in the Lake Monticello community, near residential areas, lake amenities, and high traffic.
    • Suitable for various commercial uses, including medical, retail, and grocery, catering to residents and visitors.
    • Existing infrastructure (water and power) minimizes development costs and accelerates project timelines. $4,250,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmyra
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.320971
    Latitude
    37.924675

    Nearby Similar for Sale

    • $319,900

      Fluvanna County Animal Sanctuary Farm

      7-acre farm with cottage and outbuildings in Fluvanna County.
      348 Arrow Head Ln, Palmyra, VA 22963
      View Details
    • $4,000,000
      26,100 SF

      Commercial Property Near Lake Monticello

      Commercial property near Lake Monticello with multiple tenants.
      264 Turkeysag Trl, Palmyra, VA 22963
      View Details
    • $8,900,000
      55,284 SF

      Established Retail Plaza with Development Potential

      Retail/office space with future development opportunity near Lake Monticello.
      101 Crofton Plz, Palmyra, VA
      View Details
    • $654,000
      3,078 SF

      Office Building Near Lake Monticello

      Office building in very good condition near Lake Monticello.
      2704 Lake Monticello Rd, Palmyra, VA 22963
      View Details
    • $419,900
      9,067 SF

      Retail Property with Income Potential

      Four-building retail property with existing tenants and income.
      13652 James Madison Hwy, Palmyra, VA 22963
      View Details
    • $355,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      22 Whippoorwill Ln, Palmyra, VA 22963
      View Details
    • $365,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      64 Woodlawn Dr, Palmyra, VA 22963
      View Details
    • $450,000

      Palmyra Specialty Property for Sale

      Specialty property available for purchase in Palmyra, Virginia.
      580 Melbrook Ln, Palmyra, VA 22963
      View Details
    • $594,900

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      131 Country Creek Way, Palmyra, VA 22963
      View Details
    • $469,900

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      80 Ponderosa Ln, Palmyra, VA 22963
      View Details
    • $325,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      4645 Thomas Jefferson Pkwy, Palmyra, VA 22963
      View Details
    • $695,000

      Palmyra Specialty Property For Sale

      Specialty property available for purchase in Palmyra, Virginia.
      1566 Georges Mill Rd, Palmyra, VA 22963
      View Details

    FAQs

    What type of property is this?
    Land - 35 Acres, Prime Development Site
    Where is this land located?
    The property is located at 2448 Lake Monticello Rd Palmyra, VA.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 34.94-acre commercial land parcel in Palmyra, VA, offering significant development potential.; Located at 2448 Lake Monticello Rd, comprised of six contiguous parcels (APN: 9-A-11, 9-A-11B, 9-A-11C, 9-A-11D, 9-A-11F, 9-A-11G), zoned B-1.; Prime location in the Lake Monticello community, near residential areas, lake amenities, and high traffic.
    Request Owner's contact information
    2448 Lake Monticello Rd Palmyra, VA 22963
    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.
    2448 Lake Monticello Rd
    Palmyra, VA 22963
    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
    2448 Lake Monticello Rd Palmyra, VA 22963
    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.