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    215 West 3Rd St Farmville, VA 23901

    For Sale
    $474,000

    Retail,Professional/Office - Farmville, VA

    Property size:
    2,500 SF
    Days on Market:
    61
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 215 West 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B1
    Size
    2,500 SF

    Utilities

    Heating system
    Heat Pump (Heating)

    Building Details

    Building materials
    Brick, Frame
    Architectural style
    Other

    RE/MAX Advantage Plus (434) 392-1999

    Listing agent Marshall Simpson (434) 392-1999

    Listing date Oct 15, 2025

    MLS# 57497 Listing URL

    Copyright © 2025 South Central Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Downtown Farmville

    This mixed-use investment property is located in downtown Farmville. The property includes a modern apartment and is zoned B-1, which allows for residential use on the lower level under certain conditions. The building features split utilities between the two levels, providing flexibility for various uses. There are two off-street parking spaces available. A new metal roof has been installed, and a deck offers views of downtown. The property is within walking distance of restaurants, shopping, the Farmers Market, and the High Bridge Trail State Park. The upstairs residence includes a modern kitchen with granite countertops, wood floors, ten-foot ceilings, and an updated bathroom/laundry area. The downstairs area, suitable for professional or retail use, features 12-foot ceilings. The property's total size is 2500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eggleston Karate Studio Martial Arts School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.3940176
    Latitude
    37.3031783

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    FAQs

    What type of property is this?
    Mixed-use property - Commercial/residential property with modern apartment in the heart of Farmville.
    Where is this mixed-use property located?
    The property is located at 215 West 3Rd St Farmville, VA.
    What is the asking price?
    The asking price for this property is $474,000.
    What are key features of this property?
    This property features: - Mixed-use property in downtown Farmville offering commercial and residential opportunities.; - Modern upstairs apartment featuring granite countertops, wood floors, ten foot ceilings, and updated bathroom/laundry.; - B-1 zoning allows for flexible use of both levels (commercial/residential).
    (434) 392-1999
    Request Owner's contact information
    215 West 3Rd St Farmville, VA 23901
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    Farmville, VA 23901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 West 3Rd St Farmville, VA 23901
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