Property profile

0 Waterlick Rd Forest, VA 24551

OFF-MARKET
Land
0.91 ac lot
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Property summary

AI-generated overview

This exceptional 0.91-acre commercial lot, designated as Lot 4, presents a remarkable investment opportunity in Forest, Virginia. Strategically located near the Westwood Professional Center and the intersection of Thomas Jefferson Road, this property boasts high visibility and convenient access. The lot features 130 feet of road frontage on Waterlick Road, ensuring excellent exposure for your business. Water is readily available on-site. The land itself is well-suited for development, offering a level and buildable surface. This C-1 zoned property is perfect for a variety of uses, including but not limited to office space, a beauty salon, multi-family dwellings, counseling services, a church, or a daycare center. This is a prime location for entrepreneurs and investors seeking a versatile and highly visible property. Note that two additional adjoining lots (Lots 3 & 5) are also available for purchase, presenting an opportunity to acquire a larger parcel if desired. The property is situated in Bedford County, Virginia, with the address being Waterlick Road, Forest, VA 24551. This is a rare opportunity to secure a well-positioned commercial lot in a thriving area.

Property profile

Verified
Property type Land
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Waterlick Rd Forest, VA 24551
Forest metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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