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Property profile & analytics
OFF-MARKET
Land

0 Amherst Hwy Monroe, VA 24574

1.08 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.083-acre vacant land parcel presents a remarkable investment opportunity in Monroe, Virginia. Strategically located on Route 29, just north of Downtown Madison Heights, this property enjoys high visibility and proximity to a variety of established retail and office businesses. Its prime location ensures excellent exposure for any commercial venture. The zoning allows for a wide range of uses, offering considerable flexibility for potential developers and investors. Permitted uses include, but are not limited to, medical facilities, office spaces, retail stores, daycare centers, car washes, breweries, commercial storage facilities, car and boat sales lots, and automotive businesses. The availability of public water significantly simplifies development plans, reducing upfront infrastructure costs and accelerating project timelines. This versatile parcel is ideally suited for entrepreneurs seeking a high-traffic location to establish their business or for investors looking for a strong return on investment in a thriving commercial area. The address is S Amherst Hwy, Monroe, VA 24574. This property is situated at latitude 37.5139763 and longitude -79.116142. The asking price for this exceptional opportunity is $118,000.

Property profile
Verified
Property type Land
Lot 1.08 ac (47,175 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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