Prime 8± Acre Commercial Development Opportunity! | Online-Only Auction

Description:

National Land Realty - Richmond, Casey Reynolds Managing Broker VA 0225217447 and the National Land Realty Auction Division, Joel King Director - VA 2907005046 is offering at online auction an exceptional 8± acres of prime commercial development land located within the Montgomery County Urban Development Area! Don't miss this exceptional opportunity to acquire approximately 8± acres of prime commercial development land located within a designated Montgomery County Urban Development Area. Positioned directly adjacent to Lewis Gale Montgomery Regional Hospital on highly traveled US 460 Business, this property offers outstanding visibility, accessibility, and development potential.

The property currently includes three residential homes but is ideally suited for redevelopment. Potential uses include medical office buildings, healthcare-related facilities, physician practices, outpatient services, assisted living, multifamily housing, student housing, mixed-use development, retail, hospitality, professional offices, and other commercial ventures, subject to applicable zoning and approvals.

The location's proximity to the region's largest employers, medical facilities, educational institutions, and research centers creates tremendous opportunities for medical development, student housing projects, workforce housing, urban residential communities, mixed-use development, and investment-grade commercial projects.

Online bidding opens Tuesday, December 8, 2026, at 11:00 AM ET and begins closing Tuesday, December 15, 2026, at 3:00 PM ET. A 5% buyer's premium applies to the purchase price. Interested buyers are encouraged to review the available property information, complete their due diligence, and register to participate in this exciting Online Auction! Don't miss your chance when bidding becomes available!

National Land Realty - Richmond
Casey Reynolds, Managing Broker - 0225217447
2920 W. Broad Street, Richmond, VA 23230
540-577-4249
Joel King, Director of Auctions, VA -2907005046