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Property profile & analytics
FOR SALE
Commercial land

635 Lew Dewitt Blvd Waynesboro, VA 22980

2.27 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US87-3217853
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.27 ac (98,751 SF)
Zoning code H-B
APN 41 3 - 115E
UPID US87-3217853
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lew Dewitt LLC · 3 yrs held
Lew Dewitt LLC
since 2022
Last sale
$90,000
2 recorded transactions
2022
$90,000
2014
$110,000
Zoning & alternative use
H-B · Waynesboro, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Highway Business
General category COMMERCIAL
Zone area 633.07 ac
Source Realmo
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