171 Midland Trl Lexington, VA 24450-5700
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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Lexington, VALexington. 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.