Tenant-Occupied Flex
For Sale
Contact for pricing
2799 W 3rd St, Farmville, VA 23901
Warehouse and showroom improvements support distribution, storage, and customer-facing operations from one commercial site.
Property SizeContact for details
Days on Market143
Property Features for 2799 W 3rd St
General Information
Standard status
Active
Property subtype
Industrial
Financials
Asking Price
$2,800,000
Cap Rate
6.59%
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1975
Year Renovated
2017
Construction
metal, steel, concrete
Tenancy
Multi
Listing Agency:
Perris Commercial Real Estate
Listed By:
Andrew Perris · License #CA 01932663
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Perris Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex-space property combines warehouse capacity with retail-showroom areas and was constructed in 1975 with metal, steel, and concrete components. Multiple dock-high roll-up doors, additional grade-level loading access, and substantial yard and storage areas provide a practical configuration for logistics, inventory handling, and showroom operations.
The property is leased to Ferguson and Flower Foods. Ferguson’s lease runs through July 2027, includes a 3% increase in August 2025, and provides two 5-year renewal options. Flower Foods’ lease also ends in July 2027, with a 1.75% annual increase and two 3-Year options. The offering reflects a 6.59% CAP Rate, increasing to 6.74% when the August 2025 rental adjustment takes effect.
The property is leased to Ferguson and Flower Foods. Ferguson’s lease runs through July 2027, includes a 3% increase in August 2025, and provides two 5-year renewal options. Flower Foods’ lease also ends in July 2027, with a 1.75% annual increase and two 3-Year options. The offering reflects a 6.59% CAP Rate, increasing to 6.74% when the August 2025 rental adjustment takes effect.
Key Highlights
- Flex‑space warehouse with retail‑showroom areas
- Constructed in 1975 using metal, steel, and concrete
- Several dock‑high roll‑up doors plus grade‑level loading access
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 23901, VA
14,967
Population
6,561
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
193.2 sq mi
ZIP Area
77
Density / Sq Mi
$51,992
Median Household Income
$30,813
Median Earnings
$878
Median Rent
$220,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and showroom improvements support distribution, storage, and customer-facing operations from one commercial site.
Where is this flex space located?
The property is located at 2799 W 3rd St Farmville, VA.
What are key features of this property?
This property features: Flex‑space warehouse with retail‑showroom areas; Constructed in 1975 using metal, steel, and concrete; Several dock‑high roll‑up doors plus grade‑level loading access
