Property profile

750 Rte 39 & Rte Lexington, VA 24450

OFF-MARKET
Land
7.36 ac lot
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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

Location

750 Rte 39 & Rte Lexington, VA 24450
Lexington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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