348 Dillard Rd, Madison Heights, VA 24572-6261
This exceptional 16,200-square-foot industrial facility in Madison Heights, Virginia, presents a unique investment opportunity. Situated on a 5.4-acre lot with 500 feet of frontage on Dillard Road and convenient access to US Routes 130 and 29, this single-story, Class B building offers unparalleled flexibility. Built in 1974, the property features three suites, currently vacant, with a minimum divisible space of 3,200 square feet and a maximum contiguous space of 16,200 square feet. The building boasts a 23-foot ceiling height, three loading docks with three dock-high doors, and three drive-in doors, complemented by ample parking for 30 vehicles. Inside, discover 2,250 square feet of office space, three large warehouse bays, an employee breakroom, and a spacious employee bathroom with an industrial wash basin. The property is equipped with a robust 480-amp three-phase power system, a fire suppression system, and a dedicated fire department water supply outlet. Zoned M-1, this property is served by county water and a septic system. A large fenced-in loading and unloading area with a lay-down area provides additional operational advantages. This versatile space is ideal for manufacturing, warehousing, or distribution needs and offers significant potential for subdivision. The property's location in the Madison Heights submarket of Amherst County provides easy access to Lynchburg and Amherst. The APN is 155-A-91.
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Hall Petroleum Products Gas Station
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
M1 · Madison Heights, VAMadison Heights. Always verify with local authorities before improvements.
No 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.