125 Clarion Rd - Development Site Anchored by Walmart

1.14 Acres of Commercial Land Offered at $211,431 CAD in Altavista, VA 24517

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

Situated in the heart of a thriving commercial district in the Roanoke/Lynchburg MSA, 125 Clarion Road is an approximately 1.14-acre undeveloped parcel offering a rare chance for investors to capitalize on a prime outparcel anchored by a Walmart Supercenter. With convenient access to Clarion Road and visibility from Dearing Ford Road, the property benefits from daily traffic counts of approximately 8,100 vehicles on Clarion Road and 1,400 vehicles on Dearing Ford Road. Zoned C-2 for General Commercial, the land provides flexible development opportunities for uses such as retail, restaurants, banks, medical offices, or even mini-storage with a special use permit. Surrounded by prominent national tenants including Dollar Tree, Wendy’s, Taco Bell, T-Mobile, Pizza Hut, and Great Clips, this property promises strong business synergy and long-term value.

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

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

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

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.)
  • Listing ID: 33579222

  • Date on Market: 2024-10-20

  • Last Updated:

  • Address: 125 Clarion Rd, Altavista, VA 24517