For Sale
$1,695,000

0 NorthpointeLexington, VA 24450

58-acre prime development site in Lexington, VA

Overview

Added:
Dec 11, 2024
Days on market:
115
Northpointe presents a remarkable 58-acre commercial land opportunity in Lexington, Virginia. Strategically located at I-81 Exit 195, at the intersection of I-81/I-64 and US Route 11, this B-1 zoned property boasts exceptional visibility and accessibility, with an average daily traffic count of 54,800 vehicles on adjacent roads. Public utilities including water, sewer, electricity, fiber/broadband, and natural gas are readily available, simplifying development. Existing infrastructure includes an engineered road, soil erosion control, and a retention pond. The site is ideal for a mixed-use project, accommodating hotels, restaurants, service stations, travel centers, RV parks, and convenience stores. Its proximity to downtown Lexington (minutes away), Roanoke (45-minute drive), three universities, the Virginia Horse Center, Natural Bridge State Park, and numerous tourist attractions ensures high demand. Nearby established businesses such as ExxonMobil, several hotels, and a future Circle K further highlight the site's potential. Flexible owner financing options are available. This is one of the region's largest commercial development opportunities, offering scenic views of Lexington.

Highlights

  • Northpointe offers versatile mixed-use development potential, ideal for hotels, restaurants, service stations, travel centers, RV parks, and convenience stores.
  • Utilities including water, sewer, electricity, fiber, broadband, and natural gas are readily available.
  • Northpointe is a large commercial development opportunity minutes from Lexington, VA and 45 minutes from Roanoke, VA, near universities, the Virginia Horse Center, Natural Bridge State Park, and other tourist attractions.
  • The site's proximity to established businesses like ExxonMobil and several hotels and travel centers supports its commercial viability.
  • Existing infrastructure includes a paved road, erosion control, and a retention pond, ready for immediate development.
  • Flexible owner financing is available.

Property Details for 0 Northpointe

Property type
Land

Location Insight

City
Lexington
County
Rockbridge
State
Virginia
Latitude
37.840698704556
Longitude
-79.37176565192
Northpointe, Lexington, Virginia

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0 Northpointe
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