$699,900

15173 Forest Rd Forest, VA 24551

Forest Area

Estimated payment $4,078/month

Total Views 18,045
0.59 Acre
$1,192,334 Price per Acre
25,570 Sq Ft Lot

About This Lot

Prime commercial real estate strategically located in the heart of Forest, VA! Featuring versatile space and favorable zoning, this property is perfectly positioned to capitalize on the region's continuous growth. It currently receives steady monthly rent from multiple At Will tenants, making it an ideal scenario for an investor looking to hold, or a business owner wanting to collect income while finalizing plans to transition the space for their own use. Easy ingress/egress, ample parking, and some of the best mountain views in the area make this an exceptionally desirable location. Additional 5.918 adjoining acres can be purchased together with this parcel (mls #366060).

Listing Agent

Joshua Allen

Priority One Properties License #0225090234 Listed on: 04/27/2026

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,870

Lot Details

  • 25,570 Sq Ft Lot
  • Property is zoned C-2

Schools

  • Forest Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Utilities

  • Underground Utilities

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 116-A-24B

Property Details

Property Type

Land

Est. Annual Taxes

$2,870

Lot Details

0.59 Acres

Listing Details

  • BuildingOnProperty: Other
  • Directions: Location is right off Hwy 221 (Forest Road).
  • Internet Providers: Comcast/Xfinity, Lumos, TMobile, Verizon
  • Days On Market: Yes
  • Prop. Type: Land
  • Restrictions: No Horses Allowed, No Livestock Allowed
  • Garage Yn: No
  • Property Sub-Type: Commercial
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: State Maintained Rd
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No

Utilities

  • Utilities: Cntrl Water Availabl, ElectricityAvailable, Sewer System Avail, Underground Electric, Utility Easement
  • Utility Electric: American Electric

Schools

  • Elementary School: Forest Elem
  • High School: Jefferson Forest-HS
  • Middle School: Forest Midl
  • Junior High Dist: Bedford

Lot Info

  • Best Use: Develop to Business, Investment
  • Current Use: Commerical
  • Zoning: C-2
  • Acres: 0.5870
  • Lot Size Sq Ft: 25570.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 116-A-24B

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00

Tax Info

  • Estimated Taxes: 2870

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Primary School: Bedford

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,980 $305,235 $155,069 $150,166
2025 $3,980 $299,251 $152,029 $147,222
2024 $3,858 $293,385 $149,049 $144,336
2023 $3,788 $287,633 $146,127 $141,506
2022 $3,605 $281,994 $143,262 $138,732
2021 $3,565 $276,465 $140,453 $136,012
2019 $3,449 $268,267 $136,288 $131,979
2018 $3,398 $263,008 $133,616 $129,392
2016 $3,242 $252,797 $128,429 $124,368
2015 $3,171 $249,000 $126,500 $122,500
2014 $2,641 $191,815 $72,271 $119,544
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/03/2026 06/03/26 Price Changed $699,900 -12.5% --
04/27/2026 04/27/26 For Sale $799,900 -- --
Source: Lynchburg Association of REALTORS®

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Bargain Sale Deed $1,650,000 --
Warranty Deed $750,000 Attorney
Deed $735,000 None Available
Deed -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $1,237,500 New Conventional
Previous Owner $585,000 Commercial
Previous Owner $423,050 Commercial
Previous Owner $497,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $500,000 Credit Line Revolving
Source: Public Records

Source: Lynchburg Association of REALTORS®

MLS Number: 366059

APN: 116-A-24

Virginia Bedford County Forest 24551

15173 Forest Rd, Forest, VA

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Joshua Allen
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(434) 208-1801
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