Z4 Lew Dewitt Blvd Waynesboro, VA 22980
This exceptional 1.42-acre commercial lot, identified as Lot Z4 on Lew Dewitt Boulevard in Waynesboro, Virginia, presents a unique investment opportunity. Situated just north of Zeus Theaters, the property boasts excellent visibility from the heavily trafficked Lew Dewitt Boulevard. Access to the lot is facilitated via a highway crossover located near lots Z-2 and Z-3. Development will require the installation of a culvert to cross a stream. This lot offers significant potential for a variety of commercial uses, capitalizing on its high-traffic location and prominent visibility. The property is priced at $275,000. Note that an adjacent lot, Lot Z-3, is also available for purchase, creating a combined 2.8-acre parcel for a total price of $525,000. This combined parcel would offer even greater development potential. The strategic location near Zeus Theaters ensures high foot and vehicle traffic, making this an ideal site for businesses seeking maximum exposure. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property's size and location make it a compelling investment opportunity in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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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.