4482 Amherst Hwy Madison Heights, VA 24572-5388
- Banks
- 2,520 SF
- 0.83 lot acres
May 12, 2025
Current Use by Public Records
- ATM (Suntrust Bank) / Atm
Property Details for 4482 Amherst Hwy
- Year built
- 1974
- Lot size
- 0.83 lot acres
- Property size
- 2,520 SF
- Zone code
- B2
- Property type
- Banks
- APN
- 155 A 123
- APU
- 155A123
Description
This exceptional 2,531 square foot office building, located at 4482 S. Amherst Hwy in Madison Heights, Virginia (zip code 24572), presents a compelling investment opportunity. Built in 1973, this traditional office space sits on a highly visible corner lot with a convenient drive-thru, previously occupied by a SunTrust branch. The property boasts 100% occupancy with a current lease extending until March 31, 2028, ensuring a stable income stream. The asking price is $890,000, translating to a price per square foot of $351.64. The property is zoned for business use (APN: 155 A 123) and offers significant potential for future growth within the thriving Madison Heights market. The building's strategic location and existing lease provide a strong foundation for a secure and profitable investment, offering a 6.25% cap rate. This is a rare opportunity to acquire a well-located, income-producing property in a dynamic market. The property's features, including its prominent corner location and drive-thru, make it an attractive asset for a variety of potential uses. Serious inquiries are encouraged.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $910,000
- ML approach
- $915,000
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Location Insight
- Map
- Local Demand
- City
- Madison Heights
- County
- Amherst
- State
- Virginia
- Longitude
- -79.1221
- Latitude
- 37.4527
- CBSA code
- 31340
- CBSA name
- LYNCHBURG, VA METROPOLITAN STATISTICAL AREA
