0 Rich Acres School Rd Martinsville, VA 24112
This exceptional 34-acre tract of land presents a unique investment opportunity in Martinsville, Virginia. Located on Rich Acres School Road, this property boasts a highly desirable A1 zoning classification, opening doors to a variety of commercial and residential development possibilities. The land was clear-cut in 2010, providing a clean slate for future construction. Its strategic location directly across from Rich Acres Elementary School offers significant advantages, including proximity to a thriving community and established infrastructure. The expansive lot size offers ample space for a large-scale project, catering to diverse development needs. With its versatile zoning and prime location, this property is well-suited for a range of projects, from residential subdivisions to commercial ventures. The single-tenant status simplifies development planning and execution. The property's address is Rich Acres School Rd, Martinsville, VA 24112. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel. Detailed site plans and zoning information are readily available upon request. This is an unparalleled opportunity to acquire a significant land holding in a growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.