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Mixed-Use Land for Sale in Lexington, Virginia

N Lee Hwy, Lexington, VA 24450

$3,500,000
129 acres
Active sale
Est $24,028/mo

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.

Location

Street address
N Lee Hwy
Zip code
24450
Community
Rockbridge
Elevation
1,184 feet
Coordinates
37.827, -79.3811

Directions

From Lexington, Rt 11 North for approximately 4 miles. Property on the right

Property details

Acreage
129 acres
Zoning
Business
MLS #
LBVRAR 138882
Posted

Property taxes

2024
$5,200

Parcels

  • 62 5 1
  • 62 5 1H
  • 62 5 1 J

Legal description

Details and features

Listing

Type
Land
Franchise
Independent

Structure

Water
Public
Sewer
Public Sewer

Nearby schools

NameType
FairfieldElementary
Maury RiverMiddle
Rockbridge CoHigh

Listing history

DateEventPriceChangeSource
Oct 22, 2024New listing$3,500,000LBVRAR
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This 129-acre property is located at N Lee Hwy in Lexington, VA 24450. The land is available for sale, priced at $3,500,000 — $27,132 per acre.

Listed by James River Realty - Lexington, (540) 463-2117

Checked 2 hours agoUpdated Source

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