650 Lee Hwy, Lexington, VA 24450
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.