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    OFF-MARKET
    Land

    650 Lee Hwy, Lexington, VA 24450

    0.46 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 0.46 ac (20,038 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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