000 N Lee 11 Highway, Lexington Va 24450
- $3,500,000
- MLS #:138882
- 129.00acres
Property Type: land
Area: Rockbridge
Water View: Pond,Spring
Fence: Partial
Land Description: Cropland, Level, Mixed, Open, Pasture, Steep, Views, Woods
Utilities: Electric, Gas, Public Sewer, Public Water
Water: Public Water Avail
Sewer: Public Sewer Avail
Features: Hardwoods, View - Mountain, View - Valley
Annual Taxes: 5200.00
Tax Year: 0
Directions: From Lexington, Rt 11 North for approximately 4 miles. Property on the right
Assessed Value: 0.00
Conservation Easement: No
Deed Book: 2008-4356
Easements: Unknown
Elementary School: Fairfield
Middle School: Maury River
High School: Rockbridge Co
Land Use: Yes
Plat: No
POA: Yes
Road Maintenance Agreement: No
Road Maintenance Amount: 0.00
Road Frontage: Paved Road, US Highway
Subdivision? No
Tax Map #: 62 5 1, 62 5 1H, 62 5 1 J
Tax Rate: .61
Zoning: Business
Lot Use: Combination,Multi-Family,Subdevelop
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.
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.
Updated: 10/21/24
Status: Active
Courtesy of James River Realty - Lexington