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    Riverwood Dr Lancaster, VA 22503

    For Sale
    $85,000

    Prime Commercial Land, Waterfront Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 11.407-acre commercial lot in Lancaster County, Virginia, presents a unique investment opportunity. Located on Riverwood Drive, zip code 22503, the property boasts a desirable R zoning designation, offering flexibility for various commercial ventures. Situated in a well-established waterfront neighborhood, it provides convenient access to the Corrotoman River, complete with a community boat ramp and dock. The location offers both privacy and accessibility, being just five minutes from the town of Kilmarnock, an hour and a half from Richmond, and a three-hour drive from Washington, D.C. Further enhancing its appeal, the property includes a 2023-issued four-bedroom conventional septic letter and a recent full survey. The current owners have thoughtfully developed walking paths and a campsite, adding to the property's existing charm. Community amenities extend to tennis courts, providing additional recreational value. This is an ideal location for those seeking a blend of tranquility and convenient access to major urban centers. The asking price for this remarkable property is $85,000.

    Property Features for 0 Riverwood Dr

    General Information

    Property type
    Land
    Lot Size
    496,889 SF

    HighLights

    • 11.407‑acre commercial lot in Lancaster County, VA (zip code 22503).
    • R‑zoned for flexible commercial use.
    • Waterfront location on Riverwood Drive with community boat ramp and dock access.
    • Five minutes from Kilmarnock, 1.5 hours from Richmond, and 3 hours from Washington, D.C.
    • Includes a 2023 four‑bedroom septic letter and recent survey.
    • Features walking paths, a campsite, and community tennis courts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.4125781
    Latitude
    37.7424245

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Waterfront Access
    Where is this land located?
    The property is located at Riverwood Dr Lancaster, VA.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: 11.407-acre commercial lot in Lancaster County, VA (zip code 22503).; R-zoned for flexible commercial use.; Waterfront location on Riverwood Drive with community boat ramp and dock access.
    (804) 567-7216
    Request Owner's contact information
    Riverwood Dr Lancaster, VA 22503
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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
    Riverwood Dr Lancaster, VA 22503
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