5523 Waterlick Rd Forest, VA 24551
- Retail properties
- 1.58 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5523 Waterlick Rd
- Lot size
- 1.58 lot acres
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 1.58-acre commercial lot presents a remarkable investment opportunity in Forest, Virginia. Situated at the highly visible, signalized intersection of Waterlick Road and Thomas Jefferson Road, this property boasts exceptional visibility and high traffic counts. Currently zoned C-1 Commercial, the land offers a diverse range of permitted uses, including medical and professional offices, banking and financial institutions, personal services, and multifamily dwellings. Its strategic location between Timberlake Road and Forest Road ensures convenient access and high traffic volume. The proximity to major residential developments further enhances its appeal and potential for strong returns. This prime location is ideal for a variety of commercial ventures, from a medical office building or financial institution to a strip center or convenience store (subject to potential rezoning). The asking price is $395,000. The Bedford County location offers a strong foundation for growth and success. This is a rare opportunity to acquire a highly desirable commercial property in a thriving area. Don't miss out on this chance to secure a prominent location with significant development potential. The property address is 5523 Waterlick Road, Forest, VA 24551.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forest
- County
- Bedford
- State
- Virginia
- Longitude
- -79.2822
- Latitude
- 37.343
