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521 Colony Rd
Madison Heights, VA 24572
Former CVTC Campus · Land For Sale
·
386.00 AC
Investment Highlights
- Appropriate for nursing care (93 COPN), light industrial, mixed-use
- Three-phase electric, natural gas, water and sewer available
- Demolition assistance available
- Opportunity Zone
Executive Summary
This 386-acre site in Amherst County, Virginia, offers a prime redevelopment opportunity with extensive James River frontage and views of downtown Lynchburg. Established in 1910 as the Central Virginia Training Center, a state-run residential mental health facility, it ceased operations in 2020. The property features approximately 90 buildings constructed between 1912 and 1989, totaling over 900,000 square feet with diverse uses and conditions. Some structures and areas may be suitable for adaptive reuse, potentially qualifying for historic tax credits, while others are candidates for demolition to accommodate new construction. Resources compiled by Amherst County including a concept plan and technical documentation are available at trainingcentermasterplan.com.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 386.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 386.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 386.00 AC |
| Lot Size | 386.00 AC |
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