Property profile

- 0.91 Ac. Waterlick Rd Forest, VA 24551

OFF-MARKET
Land
0.91 ac lot
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Property summary

AI-generated overview

This exceptional 0.91-acre commercial lot, identified as Lot 4, presents a remarkable investment opportunity in Forest, Virginia. Strategically located near the intersection of Thomas Jefferson Road and boasting 130 feet of road frontage on Waterlick Road, this property offers excellent visibility and accessibility. The land is level and well-suited for a variety of commercial uses, as permitted by its C-1 zoning classification. Potential uses include, but are not limited to, office space, beauty salons, multi-family dwellings, counseling centers, churches, and daycare facilities. Water access is readily available on-site. This is a rare opportunity to acquire a well-positioned commercial parcel in a growing area. Note that two adjacent lots (Lots 3 and 5) are also available for purchase, presenting the possibility of acquiring a larger contiguous parcel to meet specific development needs. The asking price for this exceptional property is $89,000. The property's address is Waterlick Road, Forest, VA 24551.

Property profile

Verified
Property type Land
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

- 0.91 Ac. Waterlick Rd Forest, VA 24551
Forest metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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