635 Lew Dewitt Blvd Waynesboro, VA 22980
This exceptional 2.62-acre commercial property presents a unique development opportunity in Waynesboro, Virginia. Strategically located on Lew Dewitt Boulevard, the site boasts two convenient access points, ensuring optimal visibility and accessibility for any future development. Its prime location offers easy access to Interstate 64, a major transportation artery, connecting businesses to a wider regional market. The property is surrounded by established national retailers, including Lowe's, Walmart, and Home Depot, creating a strong retail synergy and high consumer traffic. This established commercial corridor benefits from the presence of a newly constructed storage unit development directly across the street, further solidifying its position as a thriving commercial hub. The area surrounding Exit 94 of I-64 is experiencing significant growth, fueled by a substantial population increase from the Charlottesville/Albemarle market. This influx of residents translates into increased demand for commercial services and retail options, making this property an attractive investment for developers seeking to capitalize on this burgeoning market. The expansive acreage provides ample space for a variety of commercial ventures, from retail spaces to office buildings, or a mixed-use development. This is a rare opportunity to acquire a highly visible and strategically located parcel in a rapidly growing area. Don't miss out on this chance to build your business in a thriving commercial corridor.
This district is established for the development of offices, hotels, service uses and similar businesses relying on close proximity to major transportation routes. These districts shall be restricted to areas located on arterials and highways. Uses within these districts shall have an attractive appearance consistent with building design standards, ample par…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
H-B · Waynesboro, VAThis district is established for the development of offices, hotels, service uses and similar businesses relying on close proximity to major transportation routes. These districts shall be restricted to areas located on arterials and highways. Uses within these districts shall have an attractive appearance consistent with building design standards, ample parking and loading areas, suitable landscaping and buffering
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.