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    7431 Richmond Hwy Appomattox, VA 24522

    For Sale
    $1,995,000

    High-traffic location, versatile building, 2.3 acres.

    Property size:
    3,290 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated on the heavily trafficked Route 460 in Appomattox, Virginia, presents a unique investment opportunity. The 2.3-acre parcel boasts an impressive 245 feet of road frontage, ensuring high visibility and accessibility for any business. The property includes a substantial 3,290 square foot commercial office building, providing ample space for immediate occupancy or redevelopment. Several additional outbuildings are also present, offering further square footage for storage, expansion, or alternative uses. The property's versatile zoning allows for a wide range of potential uses, including restaurant, office, retail, and medical facilities. Its strategic location offers close proximity to a variety of existing retail and office establishments, creating a synergistic environment for business growth. The combination of high traffic volume, substantial building space, and flexible zoning makes this property an attractive prospect for investors seeking a strong return on investment in a thriving community. The significant road frontage and ample land provide considerable potential for future expansion or redevelopment, catering to a diverse range of business needs. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location.

    Property Features for 7431 Richmond Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,290 SF
    Lot Size
    100,188 SF

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Wholesale Shop Hair Salon Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Appomattox
    County
    Appomattox
    State
    Virginia
    Longitude
    -78.8512
    Latitude
    37.36363

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile building, 2.3 acres.
    Where is this commercial real estate located?
    The property is located at 7431 Richmond Hwy Appomattox, VA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    (434) 455-2285
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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
    7431 Richmond Hwy Appomattox, VA 24522
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