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Property profile & analytics
OFF-MARKET
Commercial real estate

Z3 Lew Dewitt Blvd Waynesboro, VA 22980

1.42 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 1.42 ac (61,855 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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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