Property summary
This exceptional 0.46-acre commercial land parcel, located at 650 N Lee Hwy in Lexington, Virginia (zip code 24450), presents a unique investment opportunity. The property, identified by APN 61A1-6-8A, boasts excellent road frontage, providing high visibility and accessibility. Currently vacant and wooded, the land offers a blank canvas for a variety of commercial ventures. Its strategic location is less than a mile from the Virginia Military Institute (VMI), ensuring a strong potential customer base and high traffic volume. The property's history includes previous use as a two-pump gas station, suggesting potential for redevelopment or repurposing. This prime location in Rockbridge County offers significant advantages for businesses seeking visibility and proximity to a well-established institution. The asking price for this exceptional commercial land is $175,000. Serious inquiries are encouraged to explore the possibilities this property offers. The coordinates are 37.7938739 latitude and -79.4237948 longitude.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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