4482 Amherst HwyMadison Heights, VA 24572

Property Details for 4482 Amherst Hwy

Year built

1974

Lot size

0.83 AC

Property size (Sq ft)

2,520 SF

Zone code

B2

Property type

Retail properties

Property subtype

Banks

APN

155 A 123

APU

155A123

Description

This exceptional 2,531 square foot office building, located at 4482 S. Amherst Hwy in Madison Heights, Virginia (zip code 24572), presents a compelling investment opportunity. Built in 1973, this traditional office space sits on a highly visible corner lot with a convenient drive-thru, previously occupied by a SunTrust branch. The property boasts 100% occupancy with a current lease extending until March 31, 2028, ensuring a stable income stream. The asking price is $890,000, translating to a price per square foot of $351.64. The property is zoned for business use (APN: 155 A 123) and offers significant potential for future growth within the thriving Madison Heights market. The building's strategic location and existing lease provide a strong foundation for a secure and profitable investment, offering a 6.25% cap rate. This is a rare opportunity to acquire a well-located, income-producing property in a dynamic market. The property's features, including its prominent corner location and drive-thru, make it an attractive asset for a variety of potential uses. Serious inquiries are encouraged.

Location Insight

City

Madison Heights

County

Amherst

State

Virginia

Latitude

37.4527

Longitude

-79.1221

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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