141 Ambriar PlzAmherst, VA 24521

  • Retail properties
  • 7,920 SF
For Lease
$10.75/SF/YR View listing

Property Details for 141 Ambriar Plz

Year built
1974
Construction
MIXED
Lot size
0.20 AC
Property size (Sq ft)
7,920 SF
Zone code
B2
Property type
Retail properties
Property subtype
Retail space
APN
110 A 106B
APU
110A106B

Description

This exceptional 13,680-square-foot retail property, situated at 141 Ambriar Plaza in Amherst, Virginia (zip code 24521), presents a compelling investment opportunity. Built in 1974, this single-story building boasts a prime location within the Ambriar Shopping Center, directly adjacent to the intersection of Highway 29 Bypass and Highway 29 Business. Its high visibility and convenient access make it highly attractive to both local residents and travelers. The property is zoned for business use and serviced by AEP power. Given its versatile nature, the space is suitable for a wide range of uses, including retail, medical/dental practices, office space, educational facilities, or grocery stores. The property's strategic location offers proximity to Sweet Briar College (less than half a mile south) and is conveniently located within a 25-minute drive of Liberty University and Lynchburg. The Ambriar Shopping Center has a long-standing reputation for hosting a diverse mix of successful businesses, ensuring a vibrant and desirable commercial environment. This property offers significant potential for growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,740,254
    6.5%
    $1,606,388
    7%
    $1,491,646
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,581,251
    Geo Method
    $4,581,251
  • Alternative Use

    Use
    Valuation
    Residential
    $1,355,048
    Hospitality
    $1,241,217
    Educational
    $1,032,678
    Medical
    $1,068,194
    Retail
    $1,606,388
141 Ambriar Plz, Amherst, Virginia

Location Insight

City
Amherst
County
Amherst
State
Virginia
Latitude
37.5644
Longitude
-79.0648
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,150
$32,800
$319,600
$352,400
-
$32,800
$319,600
$352,400

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