4023 S Amherst Hwy Madison Heights, VA 24572
For Sale
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Price Reduced to $225,000! **** Price reduction intended to offset the anticipated cost to the buyer of removing the existing single family home from the property, or to assist with the cost of the restoration of the house located on the property. 1.26 acre Commercial Land Parcel with primary road frontage on high visibility U.S. Route 29 North corridor of Madison Heights in Amherst County, VA. -Zoned B-2 General Business. -Excellent visibility with high vehicular traffic count of 30,000+ vehicles per day. Level topography, and adjacent to Amelon Square Shopping Center. -Existing older 1400 SF single family brick home on site, that could be rehabbed or remodeled to suit retail or office use; Dentist, Doctor, Optician, Retail. -Full unfinished basement offer’s storage possibilities. -County Water and Sewer adjacent to site. -Great Location For Office, Retail, or Service Business!
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.