- 0.91 Ac Waterlick Rd, Forest, VA 24551
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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.