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    Lewistown Rd & Lakeridge Pkwy Ashland, VA 23005

    Sponsored
    For Lease
    Contact for pricing

    2.02-acre commercial lot in prime location.

    Lot size:
    177,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.02-acre commercial land parcel presents a unique investment opportunity in the thriving Winding Brook development in Ashland, Virginia. Situated at the intersection of Lewistown Road and Lakeridge Parkway, this single-tenant lot benefits from its strategic location within a vibrant mixed-use community. The Winding Brook development boasts a diverse range of established businesses, including Bass Pro Shops, Islamorada Fish Company Restaurant, Country Inn & Suites, Fairfield Inn & Suites, Wendy's, Bojangles, Subway, Dunkin' Donuts, Green Top Indoor Shooting Range, and Starbucks. A Hobby Lobby is slated to open in 2023, further enhancing the area's retail appeal. The property's location offers excellent visibility and accessibility, with convenient proximity to Interstate 95 and just three miles north of Interstate 295. This makes it an ideal site for a variety of commercial ventures, capitalizing on the high traffic volume and strong consumer base of the surrounding area. The lot's size provides ample space for development, offering flexibility for various business types. This is a rare opportunity to acquire commercial land in a rapidly growing and well-established mixed-use development in Hanover County, Virginia, zip code 23005. The property is zoned for commercial use. Further details regarding zoning and development possibilities are available upon request.

    Property Features for 0 Lewistown Rd & Lakeridge Pkwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    177,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    177,000 SF

    HighLights

    • 2.02 Acres with Utilities Available
    • Excellent Co‑Tenancy with Boot Barn and Starbucks; Hobby Lobby opening Spring 2023
    • Future Expansion Potential: Up to 177,000 SF
    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 commercial lot in prime location.
    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 Acres with Utilities Available; Excellent Co-Tenancy with Boot Barn and Starbucks; Hobby Lobby opening Spring 2023; Future Expansion Potential: Up to 177,000 SF
    Request Owner's contact information
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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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