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    OFF-MARKET
    Industrial properties

    348 Dillard Rd, Madison Heights, VA 24572-6261

    16,680 SF 5.48 ac lot Built 1974
    Entity Owned Free & Clear
    Property ID
    US87-2621178
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1974
    Construction BRICK
    Total area 16,680 SF
    Lot 5.48 ac (238,883 SF)
    Zoning code M1
    APN 155 A 91
    UPID US87-2621178
    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
    Current use
    Occupant on record · Public records
    • Hall Petroleum Products Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MOTOR OILS INC
    MOTOR OILS INC
    Zoning & alternative use
    M1 · Madison Heights, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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