Property profile

44A Laurel Point Rd Lancaster, VA 22503

OFF-MARKET
Land
1.7 ac lot
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Property summary

AI-generated overview

This exceptional 1.7-acre commercial lot, identified as Lot 44A Laurel Point Road, is situated in the desirable Lancaster County, Virginia, boasting the zip code 22503. Zoned R, this property presents a unique opportunity for commercial development. Located in the established waterfront community of Laurel Point, it offers convenient access to Kilmarnock, White Stone, and Irvington. The lot's prime location provides residents and businesses with easy access to the Corrotoman River, complete with a community boat ramp. High-speed internet is readily available, ensuring seamless connectivity for any future development. The asking price for this ready-to-build lot is $42,500. This presents a compelling investment opportunity in a thriving waterfront community with excellent infrastructure and accessibility. The property's 1.7-acre size allows for substantial development potential, catering to a range of commercial ventures. Buyers are encouraged to conduct their own due diligence regarding permitted uses under the R zoning designation. This property is ideally suited for those seeking a prime location for commercial development in a picturesque and convenient setting.

Property profile

Verified
Property type Land
Lot 1.7 ac (74,052 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

44A Laurel Point Rd Lancaster, VA 22503
Lancaster metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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