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    14580 Forest Rd Forest, VA 24551

    Sponsored
    For Sale
    $450,000

    1.44 Acres, High-Demand Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.44-acre commercial parcel presents a unique investment opportunity in Forest, Virginia. Situated in a rapidly growing area, the property boasts approximately 240 feet of road frontage on Forest Road (US 221), providing excellent visibility and accessibility. Convenient access is also available via a shared commercial entrance adjacent to a CVS. The site benefits from the availability of public water and sewer, simplifying development plans. Zoned PCD, this land allows for a diverse range of commercial and residential uses, catering to various development strategies. The property's location within a thriving corridor, near established residential and retail developments, ensures strong potential for future appreciation. While the address provided is for mapping purposes only, and a permanent address has not yet been assigned, this prime location offers significant advantages for investors seeking a foothold in a dynamic market. The property consists of two adjoining parcels, offering flexibility in development options. This is an exceptional opportunity to acquire a strategically located commercial parcel in a high-growth area of Bedford County, Virginia. The asking price is $450,000.

    Property Features for 14580 Forest Rd

    General Information

    Property type
    Land
    Lot Size
    62,726 SF

    HighLights

    • 1.44‑acre commercial parcel in Forest, Virginia, ideal for investment.
    • 240 feet of road frontage on US 221, offering high visibility and accessibility, with convenient access via a shared entrance near a CVS.
    • Public water and sewer available, simplifying development.
    • PCD zoning allows diverse commercial and residential uses.
    • Located in a high‑growth area near existing residential and retail, promising strong appreciation potential.
    • Two adjoining parcels provide flexible development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.299818615751
    Latitude
    37.368964640604

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    FAQs

    What type of property is this?
    Land - 1.44 Acres, High-Demand Location
    Where is this land located?
    The property is located at 14580 Forest Rd Forest, VA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 1.44-acre commercial parcel in Forest, Virginia, ideal for investment.; 240 feet of road frontage on US 221, offering high visibility and accessibility, with convenient access via a shared entrance near a CVS.; Public water and sewer available, simplifying development.
    Request Owner's contact information
    14580 Forest Rd Forest, VA 24551
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    Forest, VA 24551
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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
    14580 Forest Rd Forest, VA 24551
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