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    4023 Amherst Hwy Madison Heights, VA 24572

    For Sale
    $299,000

    High-traffic, 1.24-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1.24-acre commercial land parcel in Madison Heights, Virginia, presents a unique investment opportunity. Located at 4023 S Amherst Hwy, this property boasts exceptional visibility and high traffic counts exceeding 30,000 vehicles daily due to its prime location on US Route 29 North. The B-2 General Commercial zoning allows for a wide range of business uses. The property includes an existing 1400 square foot single-family brick home, offering potential for rehabilitation into retail or office space, such as a dentist's office, doctor's office, optician, or other retail businesses. The home also features a full unfinished basement providing ample storage. County water and sewer are readily accessible adjacent to the site. Its level topography and proximity to the Amelon Square Shopping Center further enhance its appeal and potential for success. This property is ideal for entrepreneurs seeking high visibility and convenient access to a thriving commercial area. The asking price is $299,000.

    Property Features for 4023 Amherst Hwy

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • $299,000 asking price for 1.24 acres of commercial land.
    • Located at 4023 S Amherst Hwy, Madison Heights, VA 24572, with B‑2 General Commercial zoning.
    • High‑traffic location on US Route 29, boasting over 30,000 vehicles daily, adjacent to Amelon Square Shopping Center.
    • Includes a 1400 sq ft existing building with potential for rehab or remodel, plus a full unfinished basement.
    • County water and sewer available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.11902
    Latitude
    37.468945

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    FAQs

    What type of property is this?
    Land - High-traffic, 1.24-acre commercial lot.
    Where is this land located?
    The property is located at 4023 Amherst Hwy Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price for 1.24 acres of commercial land.; Located at 4023 S Amherst Hwy, Madison Heights, VA 24572, with B-2 General Commercial zoning.; High-traffic location on US Route 29, boasting over 30,000 vehicles daily, adjacent to Amelon Square Shopping Center.
    (434) 238-6460
    Request Owner's contact information
    4023 Amherst Hwy Madison Heights, VA 24572
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    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
    4023 Amherst Hwy Madison Heights, VA 24572
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