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Listed by Jane Harris James River Realty - Lexington
$ 3,500,000
Est. payment /mo
Active
000 N Lee HWY Lexington, VA 24450
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 138882
HOA Y/N No
Annual Tax Amount $5,200
Acres 129.0
Property Sub-Type Land
Source Rockbridge Highlands REALTORS®
Property Description
130+ Acres near Lexington, VA bordering both Rt 11 N and I 81S and within 2 miles of the I64 W interchange. High visibility, great accessibility, public water, sewer & high speed internet available and a natural gas line crossing the property which could be tapped for high volume users. A commercial entry is already installed and ready for roadways to be extended to the numerous potential building sites on the property. Currently zoned B-1 and Ag Transitional with the opportunity for varied usages ( light manufacturing, commercial, retail, restaurants, hotels, multi family and single family housing) or a combination of many. This is one of the largest and most desirable parcels along I 81 accessed not by a service road but a highly traveled US highway. Sold in total but buyer can divide. There is opportunity here for a well planned business park, retail center, sports fields, restaurants & hotels with plenty of room left for much needed apartments, condos, patio homes etc. The land lays in such a way as to allow for multiple uses which could compliment each other. The location can be accessed in less than 20 minutes from almost any part of Rockbridge County and a good portion of Augusta.
This property fronts on both Rt 11 and I 81 and has had some out conveyances which were surveyed when sold several years ago so several boundary lines are established. There is not a current field survey but local surveyors Perkins and Orrison have prepared a composite plat reflective of the parcels for sale.
This property fronts on both Rt 11 and I 81 and has had some out conveyances which were surveyed when sold several years ago so several boundary lines are established. There is not a current field survey but local surveyors Perkins and Orrison have prepared a composite plat reflective of the parcels for sale.
Location
State VA
County Rockbridge
Area 129.0
Zoning Business
Direction From Lexington, Rt 11 North for approximately 4 miles. Property on the right
Interior
Fireplace No
Exterior
Utilities Available Electric, Gas, Public Water, Public Sewer, Other
View Y/N Yes
View Valley, Mountain
Topography Cropland, Level, Open, Steep, Woods, Pasture, Mixed
Garage No
Building
Water Public Water Available
New Construction No
Schools
Elementary Schools Fairfield
Middle Schools Maury River
High Schools Rockbridge Co
Others
Tax ID 62 5 1, 62 5 1H, 62 5 1 J
