141 Ambriar PlzAmherst, VA 24521
- Retail space
- 7,920 SF
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 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
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
Comparable in this City
Similar Nearby for Sale
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