1966 N Amherst Hwy Amherst, VA 24521
This exceptional commercial property, located at 1966 N Amherst Highway in Amherst, VA, offers 1,935 square feet of versatile space on a 2.4-acre lot. The main structure features a spacious three-bay garage, ideal for various commercial uses. Two bays are within a 27x27 foot area, with an additional bay situated on the building's side. The property boasts a well-appointed office and waiting area, perfect for client interaction. A significant advantage is the separate entrance leading to a studio-style apartment, complete with a bathroom and kitchenette. This area offers flexible use, serving as additional storage or a comfortable living space. The property's prime location directly off Highway 29-BUS ensures high visibility and convenient access. The ample 2.4-acre lot provides significant expansion potential or ample parking. This unique property presents a rare opportunity to acquire a versatile commercial space with added residential potential in a desirable location. The combination of garage space, office area, and apartment makes this an attractive investment for a variety of business needs. Serious inquiries are encouraged to explore the full potential of this exceptional property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
A1 · Amherst, VANo 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.