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Property profile

0 8.21 Collierstown Rd Lexington, VA 24450

OFF-MARKET
Land
8.21 ac lot
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Property summary

AI-generated overview

This exceptional 8.21-acre commercial property is situated on Collierstown Road in Lexington, Virginia, within Rockbridge County, and boasts a desirable location. The land offers a picturesque setting with rolling hills and stunning mountain views. Currently utilized as lush crop land or pasture, this versatile parcel presents a unique opportunity for various commercial ventures. Its zoning allows for a wide range of development possibilities, making it an ideal investment for entrepreneurs seeking a prime location with significant potential. The property's convenient proximity to Lexington's schools, shopping centers, and the Virginia Horse Center adds to its appeal. The expansive acreage provides ample space for large-scale projects or the creation of a smaller, exclusive development. The terrain is well-suited for a walk-out basement, offering additional design flexibility for future construction. The asking price for this remarkable property is $109,900. This is a rare opportunity to acquire a substantial commercial land parcel in a highly sought-after area of Virginia. The property's address is 8.21 Collierstown Rd, Lexington, VA 24450. Its GPS coordinates are latitude 37.7561224 and longitude -79.5429295.

Property profile

Verified
Property type Land
Lot 8.21 ac (357,628 SF)

Cap rate & NOI

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

Location

8.21 Collierstown Rd Lexington, VA 24450
Lexington metro
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Value estimations

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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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