35 Pinehurst Dr Lexington, VA 24450
This exceptional 0.57-acre commercial lot in Lexington, Virginia, presents a unique opportunity for development. Boasting a level, open building site, the property offers stunning views overlooking the 18-hole Lexington Golf and Country Club. Situated in a well-established, upscale neighborhood, this location provides convenient access to essential public utilities. The lot's desirable location is a short distance from the vibrant historic downtown Lexington area, as well as the prestigious Washington and Lee University and Virginia Military Institute. This prime location combines the tranquility of a premier residential neighborhood with the proximity to thriving educational and cultural institutions. The asking price for this exceptional building lot is $119,900. The property is located at Lot 35 Pinehurst Dr, Lexington, VA 24450, and offers a rare chance to build in a highly sought-after area. The level terrain simplifies construction, and the open space provides ample room for design flexibility. This is an ideal location for a variety of commercial ventures, capitalizing on the strong local economy and the high visibility afforded by its proximity to the golf course. Don't miss this opportunity to acquire a piece of Lexington's desirable real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.