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    1203 3Rd St Farmville, VA 23901

    Sponsored
    For Sale
    $315,000

    Prime 3.43-acre commercial lot near Longwood University.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.43-acre commercial land parcel presents a unique investment opportunity in Farmville, Virginia. Located at 1203 East Third Street (US Highway 460), this property boasts approximately 420 feet of direct frontage on a highly trafficked road. The B-2 zoning allows for a variety of commercial uses, making it ideal for restaurants, retail establishments, or a motel. Its strategic location directly across from The Shoppes at Sunchase, Sunchase Cinemas, and Sunchase at Longwood Apartments ensures high visibility and accessibility. The property's proximity to Longwood University, with its over 5,000 students, provides a substantial potential customer base. Furthermore, its proximity to the 280-acre Heartland Innovative Technology Park adds to its appeal. The area has experienced a 20% population increase over the past two decades, indicating strong growth and future potential. This property offers significant development possibilities in a thriving community. The asking price is $315,000. The property is situated in Prince Edward County, Virginia, zip code 23901.

    Property Features for 1203 3Rd St

    General Information

    Property type
    Land
    Lot Size
    149,411 SF

    HighLights

    • ±3.43‑acre commercial land parcel for sale in Farmville, VA.
    • B‑2 zoning.
    • ±420 feet of frontage on heavily trafficked US Highway 460.
    • High visibility across from The Shoppes at Sunchase, Sunchase Cinemas, and Sunchase at Longwood Apartments.
    • Excellent location for restaurant, retail, or motel development.
    • One mile from the 280‑acre Heartland Innovative Technology Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmville
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.378926
    Latitude
    37.2951533

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    FAQs

    What type of property is this?
    Land - Prime 3.43-acre commercial lot near Longwood University.
    Where is this land located?
    The property is located at 1203 3Rd St Farmville, VA.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: ±3.43-acre commercial land parcel for sale in Farmville, VA.; B-2 zoning.; ±420 feet of frontage on heavily trafficked US Highway 460.
    (804) 864-9788
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    1203 3Rd 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
    1203 3Rd St Farmville, VA 23901
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