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    Forest Rd Forest, VA 24551

    Sponsored
    For Sale
    $595,000

    5.11 Acres, Prime Location, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.11-acre commercial land parcel presents a remarkable development opportunity in Bedford County, Virginia. Strategically located on Forest Road (Route 221), this property boasts 335 feet of frontage on a high-traffic road with a daily volume of 26,453 vehicles. The site is situated near a variety of existing office and retail businesses, ensuring high visibility and accessibility. A significant advantage is the inclusion of a nearly 1.8-acre graded pad site, prepared for immediate construction, minimizing development costs and expediting project timelines. This ready-to-build site is ideally suited for a diverse range of commercial uses, including restaurants, retail establishments, medical facilities, or office spaces. The property's location within an upscale retail and residential corridor, directly across from a new Walmart Neighborhood Market, further enhances its appeal and potential for strong returns. The asking price for this prime commercial land is $595,000. This presents a unique chance to capitalize on a highly desirable location with minimal upfront development hurdles. The property's excellent demographics and high visibility make it an exceptional investment opportunity. The zip code is 24551, and the property is located in Forest, Virginia.

    Property Features for 0 Forest Rd

    General Information

    Property type
    Land
    Lot Size
    222,592 SF

    HighLights

    • 5.11‑acre commercial land parcel for sale in Forest, VA (zip code 24551).
    • Excellent development opportunity with minimal upfront costs.
    • Ready‑to‑build site featuring a nearly 1.8‑acre graded pad.
    • Prime location in an upscale retail and residential corridor.
    • Directly across from a new Walmart Neighborhood Market.
    • 335 feet of frontage on high‑traffic Forest Road (Route 221), with 26,453 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Forest
    County
    Bedford
    State
    Virginia
    Longitude
    -79.249583072557
    Latitude
    37.374476859707

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    FAQs

    What type of property is this?
    Land - 5.11 Acres, Prime Location, Ready to Build
    Where is this land located?
    The property is located at Forest Rd Forest, VA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 5.11-acre commercial land parcel for sale in Forest, VA (zip code 24551).; Excellent development opportunity with minimal upfront costs.; Ready-to-build site featuring a nearly 1.8-acre graded pad.
    (434) 455-2285
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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
    Forest Rd Forest, VA 24551
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