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    OFF-MARKET
    Land

    750 Rte 39 & Rte, Lexington, VA 24450

    7.36 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 7.358-acre property presents a unique investment opportunity in Lexington, Virginia. Strategically located at the intersection of Route 39 and Route 750, at 422 Maury River Road, this land boasts a highly desirable B-1 zoning classification, permitting a wide range of commercial, industrial, and residential developments. Its proximity to the Virginia Horse Center, a major attraction drawing approximately 600,000 visitors annually, offers significant potential for businesses catering to tourism and equestrian activities. The property's size and zoning flexibility allow for diverse development options, including retail spaces, multifamily housing, or even a hotel. The seller is open to financing options and will consider joint ventures. The property is being offered for sale by owner at $1,200,000. This is a rare chance to acquire a substantial parcel of land in a thriving area with exceptional visibility and access. Don't miss this opportunity to capitalize on the high traffic and strong potential of this prime location. The property's address is 422 Maury River Road, Lexington, VA 24450.

    Property profile
    Verified
    Property type Land
    Lot 7.36 ac (320,514 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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    CAP Approach CAP
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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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