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    29406 N James Madison Hwy Arvonia, VA 23004

    For Sale
    $425,000

    4+ Apts, Colonial Revival - ARVONIA, VA

    Property size:
    5,527 SF
    Lot size:
    1.88 Acres
    Days on Market:
    63
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 29406 N James Madison Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-1 Business
    APN
    42-233
    Size
    5,527 SF
    Lot size
    1.88 Acres

    Utilities

    Heating system
    None (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1930
    Number of units
    8
    Building materials
    Brick
    Roof type
    Slate
    Architectural style
    Colonial

    McLean Faulconer Inc., REALTOR (434) 295-1131 [email protected]

    Listing agent MARK MASCOTTE (434) 295-1131 License #0225084816

    Listing date Oct 5, 2025

    MLS# 669440 Listing URL

    Copyright © 2025 Charlottesville Area 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

    Historic Arvonia School Building

    The former Arvonia Primary School, an architecturally significant Colonial Revival brick building with a slate shingle roof, is located in Buckingham County on 1.88 acres. The building is designated by the Virginia Department of Historic Resources (DHR). The DHR Tax Credit program provides state tax credits to property owners who rehabilitate historic buildings in compliance with the Secretary of Interior’s Standards for Rehabilitation. Federal and state rehabilitation tax credit programs offer incentives for private investment in preservation, providing advantages to the public. The preservation of these structures encourages a connection to the past, enhances community identity, and stimulates private investment. The property is located at 29406 N JAMES MADISON HWY, ARVONIA, VA 23004. The building size is 5527 square feet. The zoning is B-1 Business. Realtors and interested parties need to contact the listing agent for specific information related to accessing the property.
    Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Grocery Store Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Arvonia
    County
    Buckingham
    State
    Virginia
    Longitude
    -78.4131
    Latitude
    37.6681

    Nearby Similar for Sale

    • $425,000
      3.00 Acres

      New Construction on 3 Acres

      New 3-bedroom, 2.5-bath home in Arvonia, Virginia.
      2 Spreading Oaks Rd, Arvonia, VA 23004
      View Details

    FAQs

    What type of property is this?
    School - Architecturally significant Colonial Revival building on 1.88 acres in Arvonia.
    Where is this school located?
    The property is located at 29406 N James Madison Hwy Arvonia, VA.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Architecturally significant historic building, a former Arvonia Primary School, designated by the Virginia Department of Historic Resources (DHR).; - Eligible for DHR's Tax Credit program, offering state tax credits for rehabilitation.; - Substantial incentives for private investment through federal and state rehabilitation tax credit programs.
    (434) 295-1131
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    29406 N James Madison Hwy Arvonia, VA 23004
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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
    29406 N James Madison Hwy Arvonia, VA 23004
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