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    3609 Amherst Hwy Madison Heights, VA 24572

    Sponsored
    For Sale
    $250,000

    High-visibility corner lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.6-acre commercial land parcel presents a remarkable investment opportunity in Madison Heights, Virginia. Situated at the highly visible corner of South Amherst Highway (US 29) and Coolwell Road, this property boasts approximately 273 feet of frontage on US 29 and 246 feet on Coolwell Road. The strategic location at a signalized intersection ensures maximum exposure and accessibility for any commercial venture. The property is zoned B-2 General Commercial, allowing for a wide range of development possibilities. County water and sewer services are readily available, simplifying the development process. This prime location is situated on a main commercial corridor within a rapidly redeveloping area of Madison Heights, promising significant future growth and return on investment. The parcel's address is 3609 S Amherst Hwy, Madison Heights, VA 24572, with the APN 138B-A-20. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving location. The asking price is $250,000.

    Property Features for 3609 Amherst Hwy

    General Information

    Property type
    Land
    Lot Size
    26,136 SF

    HighLights

    • 0.6‑acre commercial land parcel in Madison Heights, VA.
    • High‑visibility corner lot at US 29 (South Amherst Highway) & Coolwell Road with excellent frontage.
    • Signalized intersection ensures high traffic visibility and accessibility.
    • B‑2 General Commercial zoning allows diverse development options.
    • County water and sewer readily available.
    • Located on a main commercial corridor in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.118828716267
    Latitude
    37.482774549878

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    FAQs

    What type of property is this?
    Land - High-visibility corner lot, ideal for development.
    Where is this land located?
    The property is located at 3609 Amherst Hwy Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 0.6-acre commercial land parcel in Madison Heights, VA.; High-visibility corner lot at US 29 (South Amherst Highway) & Coolwell Road with excellent frontage.; Signalized intersection ensures high traffic visibility and accessibility.
    Request Owner's contact information
    3609 Amherst Hwy 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
    3609 Amherst Hwy Madison Heights, VA 24572
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