125 Clarion Rd - Development Site Anchored by Walmart
1.14 Acres of Commercial Land Offered at $211,431 CAD in Altavista, VA 24517
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INVESTMENT HIGHLIGHTS
- Prime 1.14-acre commercial parcel at 125 Clarion Road, Altavista, Virginia, anchored by Walmart Supercenter.
- Surrounded by national brands like Dollar Tree, Taco Bell, and T-Mobile, the site also caters to employees from businesses such as BGF Industries.
- Within a 30-minute drive of Lynchburg Kemper Street Station and Lynchburg Regional Airport for smooth connectivity.
- Premier development opportunity zoned C-2, offering versatile options for retail, medical, dining, and more to meet the area's growing needs.
- Convenient access to major routes, US Route 29 and Interstate 81, with traffic counts exceeding 8,000 daily.
- Tap into a strong demographic with a 10-mile trade area population of 22,368 residents with a $67,954 average household income.
EXECUTIVE SUMMARY
125 Clarion Road is a commercial site benefiting from excellent connectivity and strategic positioning within Southern Virginia. Located near major transportation routes such as US Route 29 and within an hour’s drive of Interstate 81, 125 Clarion Road offers easy access to Lynchburg, Roanoke, and Danville. The area’s strong transportation infrastructure includes proximity to Lynchburg Kemper Street Station within a 30-minute drive, providing Amtrak access to the Northeast Corridor and a 20-minute drive to Lynchburg Regional Airport. Retail traffic in the area is bolstered by additional anchors such as Food Lion and Tractor Supply, ensuring consistent customer flow. The trade area includes a population of 22,368 residents within 10 miles of the shopping center, with an attractive average household income of $67,954 per year. An additional 5,876 daytime employees contribute to the area's economic vibrancy.
Altavista is a community on the rise, offering outsized opportunities in a region known for its evolving industries and business-friendly environment. The property serves not only the local community but also employees of nearby businesses and institutions such as Abbott Laboratories, BGF Industries, Schrader Pacific, and Virginia Technical Institute. With the Lynchburg retail market boasting a low vacancy rate of 2.8% as of the first quarter of 2025 and no retail space currently under construction, this site presents an unmatched opportunity for investors looking to develop in a high-demand market. Market rents in Lynchburg have increased by 3.4% year over year for power center properties, underscoring the region’s growth trajectory.
125 Clarion offers a premier development opportunity to meet the growing needs of the Altavista community and beyond. Investors looking for a strategic, high-visibility site with strong market fundamentals should seize this exceptional chance to secure prime commercial real estate.
PROPERTY FACTS
Price | $211,431 CAD |
Sale Type | Investment or Owner User |
Sale Condition | Ground Lease (Leased Fee) |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Commercial |
Total Lot Size | 1.14 AC |
1 LOT AVAILABLE
Lot
Price | $211,431 CAD |
Price Per AC | $185,465.79 CAD |
Lot Size | 1.14 AC |
Undeveloped commercial parcel anchored by a Walmart with visibility to 8,000+ daily drivers and flexible C-2 zoning. Permitted uses: retail, banking, office, medical office, car wash, mini-storage (special use permit required), and restaurant.
NEARBY AMENITIES
RESTAURANTS |
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---|---|---|---|
Taco Bell | Fast Food | - | 5 min walk |
Taste of Italy | - | - | 3 min walk |
Pizza Hut | - | - | 3 min walk |
Wendy's | - | - | 6 min walk |
Applebee's | American | $$$ | 6 min walk |
Subway | - | - | 3 min walk |
RETAIL |
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---|---|---|
Great Clips | Salon/Barber/Spa | 3 min walk |
Lendmark Financial Services | Finance Company | 3 min walk |
Virginia ABC Store | Liquor | 3 min walk |
Dollar Tree | Dollar/Variety/Thrift | 3 min walk |
Goodwill | Dollar/Variety/Thrift | 3 min walk |
Walmart | Dept Store | 2 min walk |
SmartStyle | Salon/Barber/Spa | 3 min walk |
Woodforest National Bank | Bank | 3 min walk |
HOTELS |
|
---|---|
Days Inn |
65 rooms
5 min drive
|
Quality Inn |
65 rooms
6 min drive
|
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $12,736,812 CAD | |
Land Assessment | $1,079,035 CAD | Total Assessment | $13,815,847 CAD |
ZONING
Zoning Code | C-2 General Commercial (site offers favorable flexible zoning that allows for a variety of uses including bank, medical office and retail.) |