Commercial Property across from the Virginia Horse Center

Vacant Land for Sale
Catylist Listing ID: 30742505
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 4.16 Acres
Sale Price: $499,900
Unit Price: $120,168 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/22/2021

Overview / Comments

A bucolic setting on designated Rockbridge County scenic corridor Route 39: Maury River Road.

This property is 4.16 acres in pasture, gently elevated above Route 39, has public water, sewer and electricity available. Situated directly across from the Virginia Horse Center's main entrance.

The parcel is zoned B2: Planned Business allowing for uses such as a hotel, restaurant, commercial uses and even residential development.

This is the perfect property for a business providing services to the participants and visitors to the Horse Center.

Additional Details

Nearest MSA: Roanoke
County: Lexington City
Taxing Authority: Rockbridge County
Tax ID/APN: 61-6-A1
Property Located Between: Directly across from the main entrance of the Virginia Horse Center
Property Visibility: Excellent
Legal Description: Rockbridge County Tax Identification: 61-6-A1 Instrument 2002-5602
Largest Nearby Street: Route 39, Route 11 and Route I-64
Feet of Frontage: 217
Highway Access: I-64 US Highway - Route 11 State Route 39
Airports: Roanoke, Charlottesville
Site Description: 4.16 acres gently elevated above Route 39 (frontage Road) Pasture with a deciduous tree buffer along the rear
Area Description: The property is located directly across from the Virginia Horse Center and less than 15 minutes drive to Historic Downtown Lexington. The area supports 3 institutions of higher learning: Washington and Lee University, Virginia Military Institute and Sothern Virginia University. A thriving area nested in-between the Blue Ridge and Alleghany mountains.
Lot Frontage: 217'
Lot Depth: +/- 410'
Zoning Description: B2 - Planned Business Uses permitted per the B1 zoning district by special exception or rezone property to B1 with a conceptual development plan.
Topography: Gently Sloping
Easements: Pipelines, Electric Lines, Utilities
Easements Description: TC Gas main on property with 50' easement centered on the gas main.
Available Utilities: Electric, Water, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,536 16,207
Median Age: 36.07 38.5
Households: 4,140 6,080
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