Commercial Land with Multiple Build
For Sale
$3,500,000
N Lee Highway, Lexington, VA 24450
Land, Lexington, VA
Property SizeContact for details
Lot Size129.00 Acres
Days on Market670
Property Features for N Lee Highway
General Information
Property type
Land
Property subtype
Other
Zoning
Business
Elementary school
Fairfield
Middle school
Maury River
High school
Rockbridge Co
Directions
From Lexington, Rt 11 North for approximately 4 miles. Property on the right
Subdivision
Rockbridge
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
Legal Description
11 Warm Run Reveley
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
James River Realty - Lexington
(540) 463-2117
Listed By:
Jane Harris
(540) 460-1932
Added: Oct 22, 2024
Changed: Aug 19
Last Checked: Aug 22 at 3:06PM
MLS# 138882
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 24450, VA
17,654
Population
7,650
Households
2.3
Avg Household Size
37
Median Age
46%
College-Educated
94%
High-School Grad
220.0 sq mi
ZIP Area
80
Density / Sq Mi
$77,839
Median Household Income
$29,841
Median Earnings
$1,017
Median Rent
$294,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
