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    138 Amelon Expy Madison Heights, VA 24572

    Sponsored
    For Lease
    $7 SF/Yr ($6,000 /Mo)

    9,600 SF Flex/Warehouse, 1.34 Acres

    Lot size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,600 square foot commercial building, situated on a 1.34-acre lot in Madison Heights, Virginia, presents a unique investment opportunity. Built in 1979 and extensively renovated in 2024, this single-tenant property boasts a flexible layout ideal for various uses, including retail, industrial, or special purpose businesses. The building features a substantial 120' x 80' footprint, complemented by a 1,920 square foot mezzanine area, providing ample storage or office space. High ceilings, ranging from 24 to 28 feet, offer significant vertical clearance. Access is convenient with six loading docks, five dock-high doors, and one drive-in door. The property also includes approximately 720 square feet of finished space with two restrooms. Robust power is provided by a 600A, 480v, 3ph electrical system. Strategically located on Amelon Expressway, with 250 feet of frontage, this property enjoys high visibility and easy access to South Amherst Highway (U.S. 29). Its B-2 General Commercial zoning allows for a diverse range of businesses. The property's prime location is adjacent to Sheetz and across from a Food Lion shopping center, ensuring high traffic and customer visibility. The seller is open to negotiating tenant improvement allowances. The property's APN is 148G-1-13A-15A, 16-20, and is located in Amherst County, VA, zip code 24572.

    Property Features for 138 Amelon Expy

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,600 SF
    Total Rate
    6000

    Building Details

    Year Built/Renovated
    1979/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    9,600 SF
    Rate per SF
    $7

    HighLights

    • 9,600 SF commercial building on a 1.34‑acre lot in Madison Heights, VA.
    • Extensively renovated in 2024, suitable for retail, industrial, or special purpose uses.
    • Features a 1,920 SF mezzanine, 24‑28' high ceilings, six loading docks, and ample parking.
    • 600A, 480v, 3ph electrical service; located on Amelon Expressway with high visibility.
    • B‑2 General Commercial zoning; adjacent to Sheetz and across from a Food Lion shopping center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.117348923276
    Latitude
    37.466538722243

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    Nearby Similar for Lease

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      2,700 SF

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    FAQs

    What type of property is this?
    Distribution property - 9,600 SF Flex/Warehouse, 1.34 Acres
    Where is this distribution property located?
    The property is located at 138 Amelon Expy Madison Heights, VA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 9,600 SF commercial building on a 1.34-acre lot in Madison Heights, VA.; Extensively renovated in 2024, suitable for retail, industrial, or special purpose uses.; Features a 1,920 SF mezzanine, 24-28' high ceilings, six loading docks, and ample parking.
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    138 Amelon Expy Madison Heights, VA 24572
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    Madison Heights, VA 24572
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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
    138 Amelon Expy Madison Heights, VA 24572
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