Undeveloped Land in Madison
For Sale
$164,000
0 Cherry Lane, Madison Heights, VA 24572
LAND - Madison Heights, VA
Property SizeContact for details
Lot Size12.97 Acres
Days on Market531
Property Features for 0 Cherry Lane
General Information
Property type
Land
Property subtype
Other
Subdivision
SW A L Tomlin Sub Div
Elementary school
Amelon Elem
Middle school
Monelison Midl
High school
Amherst High
Elementary school district
Amherst
Middle school district
Amherst
High school district
Amherst
Standard status
Active
Lot size
12.97 Acres
Listing Agency:
Lynchburg
(434) 316-6100
Listed By:
Mike Osei
(434) 316-6100
Added: Feb 24, 2025
Changed: Aug 1
Last Checked: Aug 9 at 12:06PM
MLS# 357405
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features approximately 12.97 acres of undeveloped land. It is zoned R-2 for single-family residences. A preliminary site plan for water and sewer layout for a subdivision was completed in 2011 but not developed. The land is located in a well-established area and is close to stores, restaurants, schools, and banks, presenting a potential development opportunity.
Key Highlights
- Large +/-12.97 acre undeveloped land parcel, great for development.
- Zoned R‑2 for single family residences.
- Preliminary site plan water/sewer layout completed in 2011 (Berkley, Howell, & Associates).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 24572, VA
16,399
Population
7,415
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
247
Density / Sq Mi
$64,158
Median Household Income
$41,732
Median Earnings
$837
Median Rent
$187,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 12.97 acres of undeveloped land zoned for single-family residences.
Where is this residential land & home lot located?
The property is located at 0 Cherry Lane Madison Heights, VA.
What is the asking price?
The asking price for this property is $164,000.
What are key features of this property?
This property features: Large +/-12.97 acre undeveloped land parcel, great for development.; Zoned R‑2 for single family residences.; Preliminary site plan water/sewer layout completed in 2011 (Berkley, Howell, & Associates).
