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    743 Scott Dr Farmville, VA 23901

    For Sale
    $1,525,000

    Land suitable for hotel, office, commercial, or multi-family development.

    Lot size:
    54.98 Acres

    Property Features for 743 Scott Dr

    General Information

    Lot size
    54.98 Acres

    Source: Taylor Long Properties Agent Ellen Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Longwood University

    A sub parcel of approximately 10 acres is available. The property is strategically located in the Farmville Highway Commercial Area, offering excellent visibility on Milnwood Road and Scott Drive. It provides easy access to S. Main Street and Route 460. The location is approximately 1 mile from Longwood University, which has around 5,100 students, and about 2.5 miles from the 280-acre Heartland Innovative Technology Park. Hampden-Sydney College, with approximately 1,000 students, is less than 6 miles away. Area retailers include Walmart, Lowe’s, Belk, Tractor Supply, Sheetz, KFC, Arby’s, Taco Bell, and Dollar Tree, among others. This property presents a great opportunity for hotel, office, commercial, or multi-family development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store 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
    -78.385839
    Latitude
    37.275702

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    FAQs

    What type of property is this?
    Land - Land suitable for hotel, office, commercial, or multi-family development.
    Where is this land located?
    The property is located at 743 Scott Dr Farmville, VA.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - Strategically located in Farmville Highway Commercial Area with excellent visibility.; - Great opportunity for hotel/office, commercial, or multi-family development.; - Easy access to S. Main Street and Route 460.
    (804) 539-7793
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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
    743 Scott Dr Farmville, VA 23901
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