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    Main St Waverly, VA 23890

    For Sale
    $60,000

    2.9 Acres, B-1 Zoning, $60,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 2.9-acre commercial land parcel presents a remarkable investment opportunity in the heart of Waverly, Virginia. Located on E Main Street, this property boasts a highly desirable B-1 General Business zoning designation, opening doors to a wide array of permitted commercial uses. The expansive lot size offers significant development potential, allowing for substantial building projects or ample space for outdoor operations. The property's convenient location within the town of Waverly ensures high visibility and accessibility, making it an ideal site for businesses seeking a strong presence in a thriving community. With a simple ownership structure and an attractive asking price of $60,000, this property represents a compelling value proposition for discerning investors and developers. The APN is 28A861. Situated in Sussex County, Virginia, with a zip code of 23890, this location offers easy access to regional transportation networks and a strong local customer base. The property's geographical coordinates are 37.037856 latitude and -77.0834781 longitude. This is a rare opportunity to acquire a significant commercial land holding in a prime location. Don't miss out on this chance to secure a valuable asset with significant upside potential.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    126,324 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Waverly
    County
    Sussex
    State
    Virginia
    Longitude
    -77.0834781
    Latitude
    37.037856

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    FAQs

    What type of property is this?
    Land - 2.9 Acres, B-1 Zoning, $60,000
    Where is this land located?
    The property is located at Main St Waverly, VA.
    What is the asking price?
    The asking price for this property is $60,000.
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    Main St Waverly, VA 23890
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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
    Main St Waverly, VA 23890
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