3362 Amherst Hwy Monroe, VA 24574-2114
This exceptional commercial property, located at 3362 S Amherst Hwy in Monroe, VA, presents a unique investment opportunity. Situated on a prominent 1.6-acre corner lot, the property boasts high visibility due to its location adjacent to the Monroe Post Office and frontage on both Hwy 29 South and Woodrow Avenue. The existing 2,772 square foot building, a vintage home, has been most recently utilized as an antique store, offering versatile potential for a variety of commercial uses. The property is serviced by public water, simplifying utility connections. The substantial lot size provides ample space for expansion, parking, or outdoor display areas, catering to a wide range of business needs. Its strategic location in a busy area ensures high traffic volume and excellent exposure for any commercial enterprise. This property is ideal for entrepreneurs seeking a well-established location with significant potential for growth and success. The combination of prime location, generous lot size, and existing building makes this an attractive proposition for investors and business owners alike. The property is offered at $199,900. Serious inquiries are encouraged.
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
B2 · Monroe, VACosts & 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.