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Property profile & analytics
OFF-MARKET
Land

12800 Booker T Washington Hwy Hardy, VA 24101

56.62 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 56.62-acre commercial land parcel in Hardy, Virginia, presents a significant investment opportunity. Located at 12800 Booker T Washington Hwy, 24101, this property boasts a prime location adjacent to Westlake Towne Center, the largest commercial district in the Smith Mountain Lake area. The site benefits from high visibility and accessibility, with daily traffic counts exceeding 15,000 vehicles on Route 122. Currently zoned PCD, the land offers versatile development potential. Utilities are readily available through the Western Virginia Water Authority, providing access to water and sewer services. The property's configuration allows for the development of commercial outparcels along Route 122, while the rear portion is suitable for single or multifamily housing. The asking price is $4,000,000, translating to approximately $70,646 per acre. This represents a compelling investment in a thriving commercial area with significant growth potential. The property is owned by Willard Investment Properties, LLC. This is a rare opportunity to acquire a large, strategically located parcel in a high-demand area.

Property profile
Verified
Property type Land
Lot 56.62 ac (2,466,367 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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