Residential Land For Sale
$1,695,000
58 McClung Rd
Lexington, Virginia, United States
Listed By: Realtyww Info
Listed On: 08/16/2024
Listing ID: GL11599482 View More Details
Description
Discover Northpointe: Your Premier Commercial Development Opportunity.Located strategically at the intersection of Exit 195 of I-81/I-64 and U.S. Rt. 11, Northpointe offers a prime 58-acre development site with B-1 Business zoning and public utilities. Boasting an average daily traffic on adjacent thoroughfares of 54, 800 vehicles, this site promises unparalleled visibility and accessibility. Ideal for a versatile mixed-use project, Northpointe welcomes a variety of businesses including hotels, restaurants, service stations, travel centers, RV parks, and convenience stores. Public utilities such as water, sewer, electricity, fiber and broadband, and natural gas are readily available for seamless integration with water and sewer lines already installed along the interior road. Situated just minutes from downtown Lexington and a short 45-minute drive from Roanoke, VA, Northpointe stands out as one of the region's largest commercial development opportunities. Its scenic vistas include views of historic Lexington, VA, complemented by nearby demand drivers including three prestigious universities, the Virginia Horse Center, Natural Bridge State Park, and an abundance of tourist attractions. Northpointe benefits from close proximity to established businesses including ExxonMobil, Howard Johnson by Wyndham, Quality Inn and Suites, Days Inn by Wyndham, a future Circle K, and TA Travel Centers, underscoring its potential as a thriving commercial hub. With existing infrastructure including a sturdy engineered road, soil erosion control, and dedicated retention pond, Northpointe is fully equipped to support ambitious new commercial ventures. Flexible owner financing options further enhance this exceptional opportunity.For more details:
Listed by: Will Moore