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Property profile & analytics
OFF-MARKET
Retail space

171 Midland Trl Lexington, VA 24450-5700

1,488 SF 0.87 ac lot Built 1920
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-2544685
Property summary
AI-generated overview

This exceptional 22.71-acre commercial property in Lexington, Virginia, presents a unique investment opportunity. Located on a heavily traveled thoroughfare with convenient access to I-81 and I-64, the land is zoned for commercial use and offers a variety of development possibilities. The property can be purchased as a whole or subdivided into smaller parcels, ranging from approximately 1.25 to 6 acres. Five ready-to-build pad sites, ranging from 1.6 to 6 acres, are currently available for retail development. A significant wooded area at the property's highest point provides stunning views and is ideally suited for multi-family residential construction. The acreage figures are conceptual, and final lot sizes will be determined upon subdivision. The seller is open to considering ground leases and build-to-suit options, offering flexibility for potential buyers. The property's address is 171 E Midland Trail, Lexington, VA 24450, in Rockbridge County. Negotiable pricing is available for Lots 3, 4, and 5. This prime location and versatile zoning make this a highly attractive investment for developers seeking a variety of commercial and residential development opportunities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 1,488 SF
Lot 0.87 ac (37,897 SF)
Zoning code B-1
APN 75 A 47
UPID US87-2544685
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wawa INC · 1 yrs held
Wawa INC
since 2025
2 recorded transactions
2025
Price N/A
2024
$1.4M
Zoning & alternative use
B-1 · Lexington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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