7375 John C Lemon Ln, Gloucester, VA 23061
This exceptional 0.55-acre lot presents a unique redevelopment opportunity in the heart of Gloucester, Virginia. Situated off Main Street, this property enjoys a highly desirable location, offering convenient proximity to both the Gloucester County Courthouse and the local museum. The existing lot is vacant, providing a blank canvas for a variety of potential projects. Its central location ensures high visibility and accessibility, making it an attractive prospect for developers seeking to capitalize on the area's growth and demand. The size of the lot allows for considerable flexibility in design and development plans, accommodating a range of commercial or residential ventures. Given its prime location and the potential for significant return on investment, this property represents a compelling opportunity for discerning investors and developers. Serious inquiries are encouraged to explore the possibilities this exceptional Gloucester lot offers. The property is being offered at an attractive price point, reflecting its significant potential for future development and appreciation. This is a rare chance to acquire a strategically located parcel of land in a thriving community. The absence of existing structures simplifies the development process, allowing for a streamlined approach to construction and project completion.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.