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    Land

    - 0.91 Ac. Waterlick Rd, Forest, VA 24551

    0.91 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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