Commercial Land with Multiple Build
N Lee Highway Lexington, VA 24450
N Lee Highway, Lexington, VA, 24450
$3,500,000
For Sale
$3,500,000
LAND - Lexington, VA
Lot Size129.00 Acres
Days on Market634
Property Features for N Lee Highway
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Business
- Standard status
- Active
- APN
- 62 5 1, 62 5 1H, 62 5 1 J
- Lot size
- 129.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 11 Warm Run Reveley
- Tax Annual Amount
- 5200
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Listing Agency
James River Realty - Lexington
(540) 463-2117
Lexington, VA
Listed by
Jane Harris
(540) 460-1932
Added: Oct 22, 2024 Checked: Jul 17 at 3:06 am
MLS# 138882
Listing URL
Copyright © 2026 Rockbridge Highlands Realtors. 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 is a 130+ acre commercial land tract offered for sale as a single parcel, with a commercial entry already installed to support extension of roadway access to multiple potential building sites. Utilities are available on site, including public water and sewer, along with high-speed internet. A natural gas line crosses the property and may be tapped for higher-demand users.
The land is located near Lexington, Virginia, bordering both Rt 11 N and I 81S, and within 2 miles of the I 64 W interchange. The site is described as having high visibility and strong accessibility from the surrounding highway network.
Zoning information indicates it is currently zoned B-1 and Ag Transitional under a broader “Business” zoning designation. That framework provides flexibility for a range of uses, including light manufacturing, commercial, retail, restaurants, hotels, and multifamily and single-family housing, either as standalone concepts or in combination. While the property is offered sold in total, the listing notes the buyer can divide, which may allow development to be phased or tailored to end-user or tenant requirements.
The land is located near Lexington, Virginia, bordering both Rt 11 N and I 81S, and within 2 miles of the I 64 W interchange. The site is described as having high visibility and strong accessibility from the surrounding highway network.
Zoning information indicates it is currently zoned B-1 and Ag Transitional under a broader “Business” zoning designation. That framework provides flexibility for a range of uses, including light manufacturing, commercial, retail, restaurants, hotels, and multifamily and single-family housing, either as standalone concepts or in combination. While the property is offered sold in total, the listing notes the buyer can divide, which may allow development to be phased or tailored to end-user or tenant requirements.
Key Highlights
- 130+ acres near Lexington, VA with direct frontage/bordering access to Rt 11 N and I‑81 S
- Within 2 miles of the I‑64 W interchange with established commercial entry for roadways to extend to building sites
- Utilities available: public water and public sewer, plus high‑speed internet
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - 130+ acre tract with utilities available and a commercial entry, suited for varied development under existing zoning.
Where is this agricultural land / farmland located?
The property is located at N Lee Highway Lexington, VA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 130+ acres near Lexington, VA with direct frontage/bordering access to Rt 11 N and I‑81 S; Within 2 miles of the I‑64 W interchange with established commercial entry for roadways to extend to building sites; Utilities available: public water and public sewer, plus high‑speed internet
