120 Morewood Rd Hardy, VA 24101-3902
This exceptional 3-acre commercial lot presents a remarkable investment opportunity in the thriving Westlake area of Smith Mountain Lake, Virginia. Located at 120 Morewood Road, Hardy, VA 24101 (APN: 0300001000), this property boasts over 300 feet of road frontage and benefits from its strategic position near the intersection of Route 122/Booker T Washington Highway and the Westlake Towne Center. The property is zoned B-2, allowing for a variety of commercial uses. Its prime location is further enhanced by its proximity to established businesses and residential developments. Across the street sits the brand new, 72-unit Westlake Apartment Homes, ensuring a high volume of potential customers. The surrounding area includes well-established commercial entities such as Carilion Clinic, Westlake Professional Park, and the Runk & Platt Smith Mountain Lake Retirement Village, a senior living community. This property offers significant potential for developers and investors seeking a high-visibility location within a rapidly growing community. The asking price is $325,000. Don't miss this chance to acquire a highly desirable commercial parcel in a sought-after location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Hardy, VAHardy. Always verify with local authorities before improvements.
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.