Heres a fantastic opportunity to own 2.129 acres of prime commercial and industrial land, perfectly situated with extensive road frontage on Route 29. This high-visibility location is a sweet investment for developers, offering endless possibilities for building. Whether youre looking to establish a restaurant, retail store, apartments, or other commercial ventures, this property has potential. Its prime location along a well-trafficked corridor makes it an excellent choice for businesses seeking exposure and accessibility. Dont miss out on this development opportunity!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams
Office Phone: (434) 534-9113
Listing Agent: Jennifer Moore
Virtual/3D Tour
Virtual Tour: 4512 S Amherst Hwy
Virtual Tour
Lot Features
Lot Information:
Lot Size: 2.13 Acres
Other
Directions Information:
Directions: From Lynchburg take 29 North, In Madison Heights property will be on the left beside Carter Bank.
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Madison Heights, VA.
This property is $936.5K more than the Median Sold Price in Madison Heights, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Lynchburg
MLS Number: #355369
Listing Office:
Office Name: Keller Williams
Office Phone: (434) 534-9113
Listing Agent: Jennifer Moore
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 10:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Amelon Elementary School
132 Amer Cir
Distance between this listing and this school1.32 miles
Public District Grades PK-5
4
/10
Madison Heights Elementary School
287 Learning Ln
Distance between this listing and this school1.48 miles
Public District Grades PK-5
6
/10
Dearington Elementary School
210 Smyth St
Distance between this listing and this school3.46 miles
Public Magnet Grades KG-5
Nearby Schools
4
/10
Monelison Middle School
257 Trojan Rd
Distance between this listing and this school0.54 miles
Public District Grades 6-8
4
/10
P. L. Dunbar Middle School
1200 Polk St # 1208
Distance between this listing and this school3.31 miles
Public Magnet Grades 6-8
2
/10
Linkhorne Middle School
2525 Linkhorne Dr
Distance between this listing and this school4.55 miles
Public District Grades 6-8
Nearby Schools
3
/10
E. C. Glass High School
2111 Memorial Ave
Distance between this listing and this school3.87 miles
Public District Grades 9-12
2
/10
Heritage High School
3101 Wards Ferry Rd
Distance between this listing and this school7.65 miles
Public District Grades 9-12
6
/10
Amherst County High School
139 Lancer Ln
Distance between this listing and this school8.92 miles
The neighbors living near this home have an average income of $45,953. The majority of Madison Heights, VA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4512 S Amherst Hwy
What is the listing price of this property?
The listing price of 4512 S Amherst Hwy property is $1,200,000.
What type of property is this?
The property 4512 S Amherst Hwy is land located in Madison Heights, Virginia, 24572.
Is this property for sale now?
Active Listing: 4512 S Amherst Hwy is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4512 S Amherst Hwy in Madison Heights, VA and zip code 24572. This home sits on a 2.13 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $1,200,000.
Over 2 listings were sold over their listed price in November 2024 in Madison Heights, VA. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price. Between October 2024 and November 2024, Madison Heights, VA real estate market has seen decrease in the number of listings by 11.1%. In November 2024 median list price was $263,450 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.
Figure Skating
Figure Skating
NASCAR
Extreme Sports
Kmart
Dollar General
Academy Sports & Outdoors
Bob Evans
Cracker Barrel
Little Caesars
Buick
Ram
Chevrolet
Oldies
Classic Country