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    23935 Prince Edward Hwy Rice, VA 23966

    For Sale
    $650,000

    Other - Rice, VA

    Days on Market:
    33
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 23935 Prince Edward Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Building materials
    Other
    Architectural style
    Other

    RE/MAX Advantage Plus (434) 392-1999

    Listing agent Marshall Simpson (434) 392-1999

    Listing date Nov 11, 2025

    MLS# 57522 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

    Prime Commercial Land Opportunity

    This 13.8-acre commercial property is located at 23935 Prince Edward Highway in Rice, Virginia. The site features over 1,000 feet of road frontage on Prince Edward Highway, offering visibility and exposure. Situated directly across from Dollar General and at the corner of Route 307, the property is positioned for various commercial ventures. A billboard on the property provides additional advertising potential. This high-traffic location is suitable for retail, office space, or other commercial development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Food Market HVAC Service Grocery Store Daycare Center Travel Agency Carpet & Flooring Store Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rice
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.2898189
    Latitude
    37.2741474

    Nearby Similar for Sale

    • $275,000
      2,904 SF

      Prime Rice Commercial Building

      Spacious, modern commercial space in quiet location.
      1787 Lockett Rd, Rice, VA 23966
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.8 acres with highway frontage, ideal for commercial ventures.
    Where is this commercial land located?
    The property is located at 23935 Prince Edward Hwy Rice, VA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime commercial location at the corner of Route 307 and Prince Edward Highway in Rice, VA.; - Benefit from high visibility with over 1,000 feet of road frontage on Prince Edward Highway.; - High-traffic area, located directly across from Dollar General.
    (434) 392-1999
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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
    23935 Prince Edward Hwy Rice, VA 23966
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