Property profile

0 Lot Paynes Shop Rd Lancaster, VA 22503

OFF-MARKET
Land
38 ac lot
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Property summary

AI-generated overview

This exceptional 38-acre property in Lancaster County, Virginia, presents a unique investment opportunity. Located on Paynes Shop Road, zip code 22503, this land boasts over 1,000 feet of shoreline along Paynes Creek, offering stunning waterfront views and recreational possibilities. The property is zoned A2 and features a diverse landscape, including open agricultural land, mature hardwood forests, and multiple potential building sites. Abundant wildlife, including deer and turkey, makes this an ideal location for hunting and outdoor enthusiasts. The land's varied terrain provides privacy and seclusion, making it perfect for a private retreat or family compound. This is a rare opportunity, as this land has not been offered for sale in generations. The property's size and features make it suitable for a variety of uses, from residential development to agricultural pursuits, or simply as a private sanctuary. The location offers a blend of tranquility and accessibility, situated in Lancaster County, Virginia, with convenient access to local amenities. The asking price is $299,000.

Property profile

Verified
Property type Land
Lot 38 ac (1,655,280 SF)

Cap rate & NOI

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

Location

Lot Paynes Shop 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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