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    Amherst Hwy Monroe, VA 24574

    For Sale
    $118,000

    1.08 Acres, High Visibility, Zoned Versatile

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.083-acre vacant land parcel presents a remarkable investment opportunity in Monroe, Virginia. Strategically located on Route 29, just north of Downtown Madison Heights, this property enjoys high visibility and proximity to a variety of established retail and office businesses. Its prime location ensures excellent exposure for any commercial venture. The zoning allows for a wide range of uses, offering considerable flexibility for potential developers and investors. Permitted uses include, but are not limited to, medical facilities, office spaces, retail stores, daycare centers, car washes, breweries, commercial storage facilities, car and boat sales lots, and automotive businesses. The availability of public water significantly simplifies development plans, reducing upfront infrastructure costs and accelerating project timelines. This versatile parcel is ideally suited for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a strong return on investment in a thriving commercial area. The address is S Amherst Hwy, Monroe, VA 24574. This property is situated at latitude 37.5139763 and longitude -79.116142. The asking price for this exceptional opportunity is $118,000.

    Property Features for 0 Amherst Hwy

    General Information

    Property type
    Land
    Lot Size
    47,175 SF

    HighLights

    • 1.083‑acre vacant land parcel in Monroe, VA, on Route 29, near Madison Heights.
    • High visibility location with excellent exposure for commercial development.
    • Zoned for diverse uses including medical, office, retail, and automotive businesses.
    • Public water available, simplifying development and reducing costs.
    • Asking price: $118,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monroe
    County
    Amherst
    State
    Virginia
    Longitude
    -79.116142
    Latitude
    37.5139763

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    FAQs

    What type of property is this?
    Land - 1.08 Acres, High Visibility, Zoned Versatile
    Where is this land located?
    The property is located at Amherst Hwy Monroe, VA.
    What is the asking price?
    The asking price for this property is $118,000.
    What are key features of this property?
    This property features: 1.083-acre vacant land parcel in Monroe, VA, on Route 29, near Madison Heights.; High visibility location with excellent exposure for commercial development.; Zoned for diverse uses including medical, office, retail, and automotive businesses.
    (434) 944-3920
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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
    Amherst Hwy Monroe, VA 24574
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