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    Land

    - 0.91 Ac Waterlick Rd, Forest, VA 24551

    0.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 0.91-acre commercial lot (Lot 3), located on Waterlick Road near the Thomas Jefferson Road intersection in Forest, Virginia (zip code 24551), presents a fantastic opportunity for various business ventures. The property boasts 130 feet of road frontage, ensuring excellent visibility and accessibility. Its C-1 zoning allows for a wide range of uses, including but not limited to office space, beauty salons, multi-family dwellings, counseling centers, churches, and daycare facilities. The land itself is well-situated and level, making development straightforward. Water access is available on-site. This is an exceptional opportunity for investors or entrepreneurs seeking a prime location in a growing area. Note that two additional adjoining lots (Lots 4 & 5) are also available for purchase, offering potential for larger-scale development or expansion. The asking price for this specific parcel (Lot 3) is $89,000. The property's coordinates are latitude 37.336252 and longitude -79.270353. Bedford County is the county location.

    Property profile
    Verified
    Property type Land
    Lot 0.91 ac (39,640 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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