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    James Madison Hwy & Lk Rd Troy, VA 22974

    Sponsored
    For Sale
    $95,000

    30 acres, industrial zoning, highway frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30-acre parcel of land presents a unique investment opportunity in Fluvanna County, Virginia. Located at the intersection of James Madison Highway (Highway 15) and Lake Road in Troy, this property boasts approximately 2,000 feet of highway frontage, providing excellent visibility and accessibility. The land is already cleared, making it ideal for immediate development. Zoned A-1, it's perfectly suited for various industrial uses. Its strategic location offers significant advantages: a mere two miles from the east and west entrances of Interstate 64 (Zion Crossroads Exit), ensuring convenient access to major transportation arteries. Furthermore, the property enjoys proximity to Charlottesville (15 miles) and Short Pump (42 miles), providing easy access to a substantial workforce and consumer base. The asking price is $95,000, representing a compelling value at $3,166.67 per acre. This property is ready for your vision and offers substantial potential for growth and return on investment. Don't miss this chance to acquire a prime industrial land site in a rapidly developing area.

    Property Features for 0 James Madison Hwy & Lk Rd

    General Information

    Property type
    Land
    Lot Size
    1,306,800 SF

    HighLights

    • Two miles to I‑64 (Zion Crossroads Exit).
    • Level, cleared site.
    • Excellent industrial location.
    • 2,000 feet of highway frontage on Highway 15 (James Madison Hwy).
    • 15 miles to Charlottesville, 42 miles to Short Pump.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Fluvanna
    State
    Virginia
    Longitude
    -78.237885190701
    Latitude
    37.95006889959

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    FAQs

    What type of property is this?
    Land - 30 acres, industrial zoning, highway frontage.
    Where is this land located?
    The property is located at James Madison Hwy & Lk Rd Troy, VA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Two miles to I-64 (Zion Crossroads Exit).; Level, cleared site.; Excellent industrial location.
    Request Owner's contact information
    James Madison Hwy & Lk Rd Troy, VA 22974
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    Troy, VA 22974
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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
    James Madison Hwy & Lk Rd Troy, VA 22974
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