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Property profile & analytics
OFF-MARKET
Office buildings

4842 Amherst Hwy Madison Heights, VA 24572-2478

650 SF 0.29 ac lot Built 1993
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US87-3128657
Property summary
AI-generated overview

This exceptional 1.47-acre commercial property presents a unique investment opportunity in the thriving Madison Heights, VA market. Located on a signalized corner of S. Amherst Highway (Business 29), this site boasts over 200 feet of high-visibility road frontage, ensuring maximum exposure for any business. The property is zoned B-2, allowing for a wide range of commercial uses. Currently featuring two existing buildings totaling 5,950 square feet, this site offers flexibility for a ground lease or a build-to-suit development. The existing structures provide immediate income potential or a foundation for expansion. The site's strategic location provides excellent access and visibility, enhanced by two convenient ingress/egress points. Furthermore, the property is drive-thru capable, making it ideal for businesses requiring this feature. This prime location offers significant potential for growth and return on investment, making it an attractive proposition for discerning investors and developers seeking a high-traffic, easily accessible site in a dynamic commercial area. The ample lot size and flexible zoning regulations provide a blank canvas for a variety of commercial ventures. Don't miss this chance to secure a prominent location in a rapidly developing market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction METAL FRAME
Total area 650 SF
Lot 0.29 ac (12,458 SF)
Zoning code B2
APN 155C 8 A
UPID US87-3128657
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
  • S&J Pita & more Take-out & Catering
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
Red Iron Realty LLC · 2 yrs held
Red Iron Realty LLC
since 2023
Last sale
$350,000
2 recorded transactions
2023
$350,000
2007
Price N/A
Zoning & alternative use
B2 · Madison Heights, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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