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    204 Third St Farmville, VA 23901

    For Sale
    $649,000

    1.6 Acres, B2 Zoning, Great Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 1.6-acre commercial property in Farmville, Virginia, presents a unique investment opportunity. Located at 204 East Third Street, the property boasts a highly desirable B2 zoning designation, allowing for a wide range of commercial uses. The site benefits from excellent visibility and accessibility, fronting both East Third and Virginia Streets. Included is an existing 1,340 square foot block building, providing immediate potential for development or renovation. The property is conveniently serviced by town water and sewer, eliminating the need for costly infrastructure upgrades. Ample on-site parking is also available. Adding to its appeal, this property comprises three separate lots, offering flexibility for future expansion or development. Its location within the Enterprise Zone provides potential access to economic incentives and programs. This is a rare chance to acquire a substantial commercial parcel in a thriving town, ready for your vision. The asking price is $649,000. Don't miss this chance to establish your business in a prime Farmville location. Serious inquiries only.

    Property Features for 204 Third St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    69,696 SF

    Building Details

    Year Built
    1955
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Auto Repair Shop Hair Salon Wholesale Shop Hotel & Motel Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.39059
    Latitude
    37.30222

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    FAQs

    What type of property is this?
    Commercial real estate - 1.6 Acres, B2 Zoning, Great Location
    Where is this commercial real estate located?
    The property is located at 204 Third St Farmville, VA.
    What is the asking price?
    The asking price for this property is $649,000.
    (434) 392-6163
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    204 Third St 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
    204 Third St Farmville, VA 23901
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