0 Waterlick Rd, Forest, VA 24551
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.
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.