12800 Booker T Washington Hwy Hardy, VA 24101
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.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.