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    Virginia Mkt Pl Dr Rocky Mount, VA 24151

    Sponsored
    For Sale
    $699,000

    1.14 Acres, Prime Location, $699,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.14-acre commercial land parcel, located at 0 Virginia Market Place Drive in Rocky Mount, Virginia (zip code 24151), presents a unique investment opportunity. Situated in Franklin County, this property boasts a highly desirable location at a signalized intersection, ensuring excellent visibility and accessibility. The lot is zoned PCD, offering versatility for a range of commercial developments. Imagine the possibilities: a modern office building, a thriving retail center, or a state-of-the-art warehouse facility. This property's strategic placement guarantees high daily consumer traffic counts, providing unparalleled exposure for any business. The asking price is $699,000. The property's APN is 0440700300. This prime commercial land offers significant potential for substantial returns, making it an ideal investment for both seasoned developers and first-time investors. Its size and location combine to create an exceptional opportunity to establish a successful and visible business in a bustling area. Don't miss this chance to acquire this highly sought-after commercial real estate in Rocky Mount, Virginia.

    Property Features for 0 Virginia Mkt Pl Dr

    General Information

    Property type
    Individual retail properties
    Lot Size
    49,658 SF

    HighLights

    • 1.14‑acre commercial lot in Rocky Mount, VA (24151), located at 0 Virginia Market Place Drive.
    • Highly desirable location at a signalized intersection with excellent visibility and accessibility.
    • PCD zoning allows for versatile commercial development.
    • High daily traffic counts ensure significant business exposure.
    • Asking price: $699,000; APN: 0440700300.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Rocky Mount
    County
    Franklin
    State
    Virginia
    Longitude
    -79.897573007961
    Latitude
    37.07144106752

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    FAQs

    What type of property is this?
    Individual retail property - 1.14 Acres, Prime Location, $699,000
    Where is this individual retail property located?
    The property is located at Virginia Mkt Pl Dr Rocky Mount, VA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 1.14-acre commercial lot in Rocky Mount, VA (24151), located at 0 Virginia Market Place Drive.; Highly desirable location at a signalized intersection with excellent visibility and accessibility.; PCD zoning allows for versatile commercial development.
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    Virginia Mkt Pl Dr Rocky Mount, VA 24151
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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
    Virginia Mkt Pl Dr Rocky Mount, VA 24151
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