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    3 Oak Point Dr Lancaster, VA 22503

    For Sale
    $785,000

    2.4-acre commercial waterfront lot, stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.4-acre commercial property, located at 3 Oak Point Dr, Alfonso, VA 22503, presents a unique opportunity in Lancaster County. Situated on the eastern branch of the Corrotoman River, this pristine waterfront lot boasts 782 feet of shoreline with an impressive water depth of 8+ feet MLW. The property offers breathtaking 270-degree panoramic views, ideal for enjoying daily sunrises and sunsets. The R-1 zoning allows for a variety of potential commercial developments. The tranquil setting provides a peaceful country atmosphere, yet is conveniently located within a short distance of fine restaurants, boutique shopping, and golf courses. This is a rare opportunity to acquire a spectacular waterfront site, perfect for creating a luxurious and tranquil lifestyle or a unique commercial venture. The property is being offered for $785,000. Latitude: 37.7216119, Longitude: -76.4435052.

    Property Features for 3 Oak Point Dr

    General Information

    Property type
    Land
    Lot Size
    104,544 SF

    HighLights

    • $785,000 asking price.
    • 2.4‑acre commercial land parcel.
    • R‑1 zoning.
    • Located at 3 Oak Point Dr, Alfonso, VA 22503.
    • 782 feet of waterfront on the Corrotoman River with 8+ feet of water depth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.4435052
    Latitude
    37.7216119

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    FAQs

    What type of property is this?
    Land - 2.4-acre commercial waterfront lot, stunning views.
    Where is this land located?
    The property is located at 3 Oak Point Dr Lancaster, VA.
    What is the asking price?
    The asking price for this property is $785,000.
    What are key features of this property?
    This property features: $785,000 asking price.; 2.4-acre commercial land parcel.; R-1 zoning.
    (804) 567-7216
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    3 Oak Point 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
    3 Oak Point Dr Lancaster, VA 22503
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