4780 Amherst Hwy Madison Heights, VA 24572-5378
This exceptional .87-acre commercial lot presents a remarkable opportunity for retail development or a ground lease. Boasting 200 feet of frontage on heavily trafficked S. Amherst Highway (Rt. 29 Business), this level lot enjoys excellent visibility and accessibility, with a traffic count estimated at 33,000 vehicles daily. The property benefits from a convenient signalized intersection with Grove Avenue, ensuring easy ingress and egress. Utilities are readily available, including county water and sewer. This location is surrounded by a thriving commercial environment, including recently opened Starbucks and Dunkin' Donuts, a new Cookout under construction, established businesses like Big Lots and Dollar General, and a significant 172-acre mixed-use development currently underway. This development will include apartment units, townhomes, patio homes, and single-family residences, further enhancing the area's appeal and projected growth. The property is zoned B-2, allowing for a variety of commercial uses. One building suite is available. This site offers unparalleled potential for a business seeking high visibility and access to a dense population base. The property is available for lease or ground lease.
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The Yard Spot - Madison Heights VA Production Facility Construction Company
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
B2 · Madison Heights, VAMadison Heights. Always verify with local authorities before improvements.
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.