Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Milnwood Rd & Scott Dr Farmville, VA 23901

    For Sale
    $2,200,000

    Prime Farmville commercial land, B-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 54.98-acre commercial land parcel presents a remarkable investment opportunity in Farmville, Virginia. Strategically located at the intersection of Milnwood Road and Scott Drive, this property boasts excellent visibility and convenient access to major thoroughfares, including S. Main Street and Route 460. The property is zoned B-3, offering a wide range of development possibilities, including hotels, office buildings, commercial spaces, or multi-family residential projects. A smaller 0.53-acre portion is zoned R-2. Its prime location offers significant advantages, situated just one mile from Longwood University (approximately 5,100 students) and less than six miles from Hampden-Sydney College (approximately 1,000 students). The property's proximity to the 280-acre Heartland Innovative Technology Park further enhances its appeal. The surrounding area is home to a robust retail sector, including major brands such as Walmart, Lowe's, Belk, Tractor Supply, Sheetz, and various fast-food restaurants. This property's size, zoning, and location make it an ideal platform for a variety of commercial ventures, capitalizing on the strong local economy and significant student population. The asking price for this exceptional property is $2,200,000. The property's address is Milnwood Road & Scott Drive, Farmville, VA 23901.

    Property Features for 0 Milnwood Rd & Scott Dr

    General Information

    Property type
    Land
    Lot Size
    2,394,929 SF

    HighLights

    • ±54.98 acres of prime commercial land available.
    • 54.98 acres zoned B‑3, plus 0.53 acres zoned R‑2.
    • Ideal for hotel, office, commercial, or multifamily development.
    • Prominent Farmville Highway commercial location.
    • High visibility from Milnwood Road and Scott Drive.
    • Convenient access to S. Main Street and Route 460.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmville
    County
    Prince Edward
    State
    Virginia
    Longitude
    -78.388171
    Latitude
    37.281433

    Nearby Similar for Sale

    • $474,000
      2,500 SF

      Mixed-Use Property in Downtown Farmville

      Commercial/residential property with modern apartment in the heart of Farmville.
      215 West 3Rd St, Farmville, VA 23901
      View Details
    • $425,000
      2,300 SF

      Farmville Duplex Leased for Office

      2,300 sq ft duplex in Farmville, currently leased for office.
      4644 Farmville Rd, Farmville, VA 23901
      View Details
    • $296,000
      Pending

      Farmville Duplex: Investor Opportunity

      Duplex in Farmville with rental history and updated amenities.
      405 E 2Nd St, Farmville, VA 23901
      View Details
    • $299,500
      0.14 Acres

      Farmville Colonial Farmhouse with Modern Charm

      New 3-bedroom, 2-bath farmhouse near downtown Farmville.
      26 Layne Street Ext, Farmville, VA 23901
      View Details
    • $299,500
      Pending

      Farmville Colonial-Style Farmhouse

      New 3-bedroom, 2-bath home near downtown Farmville.
      25 Layne Street Ext, Farmville, VA 23901
      View Details
    • $265,500
      Pending

      Farmville Duplex: Investor Opportunity

      Farmville duplex with spacious units, ample parking, and tenant potential.
      410 E 2Nd St, Farmville, VA 23901
      View Details

    FAQs

    What type of property is this?
    Land - Prime Farmville commercial land, B-3 zoning.
    Where is this land located?
    The property is located at Milnwood Rd & Scott Dr Farmville, VA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: ±54.98 acres of prime commercial land available.; 54.98 acres zoned B-3, plus 0.53 acres zoned R-2.; Ideal for hotel, office, commercial, or multifamily development.
    (804) 864-9788
    Request Owner's contact information
    Milnwood Rd & Scott Dr Farmville, VA 23901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Milnwood Rd & Scott Dr
    Farmville, VA 23901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Milnwood Rd & Scott Dr Farmville, VA 23901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.