Commercial Land at the Bridge

Vacant Land for Sale
Catylist Listing ID: 30237729
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 3.27 Acres
Sale Price: $2,200,000
Unit Price: $672,782 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2018

Overview / Comments

Prime Development Opportunity. 3.265 acres zoned PCD, Shoreline classification, high density commercial.

Smith Mountain Lake is a 22,000-acre recreational lake with 500 miles of shoreline and approximately 40 miles of property in three counties. There is a wealth of activities at the lake: from boating, water skiing, and jet skiing to hiking, fishing, and golf. The lake is about two and a half hours from Charlotte and Raleigh, NC, and three hours from Washington DC. It is a popular second home and retirement destination for upper-income residents from the nearby areas of Roanoke, Lynchburg, Greensboro, Raleigh, Washington DC, Richmond and the Triad. The area provides local shopping and restaurants while a grocery store and movie theater is just minutes away at Westlake Towne Center.

Additional Details

Nearest MSA: Lynchburg
County: Bedford
Property Visibility: Excellent
Zoning Description: Commercial
Topography: Gently Sloping
Available Utilities: Electric, Water, Sewer

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