Property summary
This exceptional 0.4-acre commercial lot presents a unique investment opportunity in the vibrant Uptown Martinsville area. Strategically located directly across from the bustling Farmers' Market, this vacant land enjoys high visibility and convenient access to a significant concentration of foot traffic and potential customers. Its proximity to the City Municipal Building and the New College Institute further enhances its appeal, offering easy access to civic services and a skilled workforce. The property is zoned for Virginia Enterprise, a designation that unlocks several attractive state incentives and tax credits for qualifying businesses. This translates to significant potential cost savings and enhanced profitability for the right development. The 0.4-acre size offers flexibility for a variety of commercial ventures, from retail spaces to small-scale office buildings or other suitable uses. Given its prime location and the benefits of the Virginia Enterprise Zone designation, this lot represents a compelling opportunity for investors seeking a high-return, strategically positioned asset in a growing community. Serious inquiries are encouraged to explore the full potential of this exceptional property and the advantages it offers. The lot's size and location make it an attractive proposition for businesses seeking a visible and accessible presence in the heart of Martinsville. The potential for growth and the incentives available through the Virginia Enterprise Zone designation make this a truly unique opportunity.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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