Z3 Lew Dewitt Blvd Waynesboro, VA 22980
This exceptional 1.42-acre commercial lot, identified as Lot Z3, is strategically located just north of Zeus Theaters on Lew Dewitt Boulevard in Waynesboro, Virginia. Its prime location offers unparalleled visibility from the busy thoroughfare. Access to the property is available via a crossover at adjacent Lot Z-2, though it will require the installation of a culvert over a stream to facilitate convenient entry. This presents a unique opportunity for developers and businesses seeking a high-traffic location with significant potential for growth. The lot's size provides ample space for a variety of commercial ventures. Note that an adjacent lot, Lot Z-4, is also available for purchase, creating the possibility of acquiring a combined 2.8-acre parcel for a total price of $525,000. This expanded acreage would offer even greater development flexibility. The current asking price for Lot Z3 alone is $275,000. This property is ideal for businesses seeking high visibility and convenient access in a thriving community. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.