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    Lewistown Rd & Lakeridge Pkwy Ashland, VA 23005

    For Sale
    Contact for pricing

    2.02-acre prime commercial lot in Ashland, VA.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2.02-acre commercial land parcel presents a unique investment opportunity within the thriving Winding Brook mixed-use development in Ashland, Virginia. Located in Hanover County at the intersection of Lewistown Road and Lakeridge Parkway, this B-3 zoned lot offers unparalleled access to high traffic volumes. Lewistown Road boasts 14,000 vehicles per day, while Lakeridge Parkway sees 11,000, and nearby I-95 carries 134,000 vehicles daily. The property benefits from existing utilities and is situated within a vibrant 185-acre development featuring a diverse mix of retail, restaurants, entertainment, hospitality, and residential components (including 85 townhomes). This strategic location places the property just three miles north of I-295, ensuring excellent regional accessibility. Established co-tenants include prominent national brands such as Hobby Lobby, Boot Barn, Starbucks, Bass Pro Shops, and numerous restaurants and hotels, creating a strong and established commercial environment. This parcel is ideal for a variety of commercial uses, offering significant potential for growth and return on investment.

    Property Features for 0 Lewistown Rd & Lakeridge Pkwy

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    HighLights

    • 2.02‑acre site available for sale.
    • Utilities are on‑site.
    • B‑3 zoning.
    • High traffic counts: Lewistown Rd (14,000 VPD), Lakeridge Pkwy (11,000 VPD), I‑95 (134,000 VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.4532297
    Latitude
    37.7192616

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    FAQs

    What type of property is this?
    Land - 2.02-acre prime commercial lot in Ashland, VA.
    Where is this land located?
    The property is located at Lewistown Rd & Lakeridge Pkwy Ashland, VA.
    What are key features of this property?
    This property features: 2.02-acre site available for sale.; Utilities are on-site.; B-3 zoning.
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    Lewistown Rd & Lakeridge Pkwy Ashland, VA 23005
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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
    Lewistown Rd & Lakeridge Pkwy Ashland, VA 23005
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