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157 Lucy Ln Waynesboro, VA 22980-3276

OFF-MARKET Commercial land Google Maps
1.54 ac lot
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$305k
Range $275k – $336k (±10%)
Property ID US87-3147668

Property summary

AI-generated overview

This exceptional 1.54-acre commercial land parcel presents a prime opportunity for retail development in Waynesboro, Virginia. Located at 157 Lucy Lane, this property boasts a highly desirable location within a thriving retail hub, offering excellent visibility and accessibility. The parcel is zoned H-B, allowing for a variety of commercial uses. A proposed building footprint of 10,000 square feet suggests significant development potential. The property's strategic placement near a loop road leading to Walmart and its proximity to a signalized intersection ensures high traffic volume and strong consumer exposure. The asking price is $750,000, translating to approximately $485,751.30 per acre, reflecting the land's significant value in this prime retail area. The property's APN is 626007. This is an exceptional opportunity for investors seeking to capitalize on the robust retail market in Waynesboro. The site's convenient access and high visibility make it an ideal location for a variety of retail businesses. Don't miss this chance to acquire a valuable piece of commercial real estate in a rapidly growing area. Serious inquiries only.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.54 ac (67,257 SF)
Zoning code H-B
APN 51 17 - 7
UPID US87-3147668

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

Zoning & alternative use

H-B · Waynesboro, VA
Zoning description

This district is established for the development of offices, hotels, service uses and similar businesses relying on close proximity to major transportation routes. These districts shall be restricted to areas located on…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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