Property profile

1605 3rd St Farmville, VA 23901

OFF-MARKET
Industrial properties
Property ID
US87-2866813
0.45 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,053 square foot commercial building presents a fantastic opportunity for businesses seeking a high-visibility location in Farmville, Virginia. Situated on a four-lane main city road, this brick structure boasts excellent street frontage, ensuring maximum exposure to potential customers. The property includes a convenient paved parking lot, providing ample space for clients and employees. Inside, the versatile layout is suitable for a variety of uses, including office, professional services, or retail operations. The building is connected to town water and sewer, offering reliable and efficient utilities. A significant advantage is its location within the Enterprise Zone, potentially offering various economic incentives and benefits for qualifying businesses. This property is ready for immediate occupancy and represents a compelling investment in a thriving community. The building's solid construction and prime location make it an ideal choice for entrepreneurs and established businesses alike. Don't miss this chance to establish or expand your business in a highly visible and convenient location. Serious inquiries are encouraged.

Property profile

Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 0.45 ac (19,602 SF)
APN 023A2 A 4
UPID US87-2866813

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Grocery & Convenience Store

Location

1605 3rd St Farmville, VA 23901-2650
Farmville metro Census 930204
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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