4780 Amherst HwyMadison Heights, VA 24572

Property Details for 4780 Amherst Hwy

Lot size

0.87 AC

Zone code

B2

Property type

Other commercial real estate

APN

155C 1 B 15-18

APU

155C1B1518

Description

This exceptional .87-acre commercial lot presents a remarkable opportunity for retail development or a ground lease. Boasting 200 feet of frontage on heavily trafficked S. Amherst Highway (Rt. 29 Business), this level lot enjoys excellent visibility and accessibility, with a traffic count estimated at 33,000 vehicles daily. The property benefits from a convenient signalized intersection with Grove Avenue, ensuring easy ingress and egress. Utilities are readily available, including county water and sewer. This location is surrounded by a thriving commercial environment, including recently opened Starbucks and Dunkin' Donuts, a new Cookout under construction, established businesses like Big Lots and Dollar General, and a significant 172-acre mixed-use development currently underway. This development will include apartment units, townhomes, patio homes, and single-family residences, further enhancing the area's appeal and projected growth. The property is zoned B-2, allowing for a variety of commercial uses. One building suite is available. This site offers unparalleled potential for a business seeking high visibility and access to a dense population base. The property is available for lease or ground lease.

• Alternative Use

  Use

  Valuation

  Residential

  $6,454,103

  Hospitality

  $5,911,924

  Educational

  $4,918,651

  Medical

  $5,087,811

  Retail

  $7,651,234

Location Insight

City

Madison Heights

County

Amherst

State

Virginia

Latitude

37.442

Longitude

-79.1203

CBSA code

31340

CBSA name

LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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