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    OFF-MARKET
    Commercial real estate

    7375 John C Lemon Ln, Gloucester, VA 23061

    0.55 ac lot Built 1964
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1964
    Lot 0.55 ac (23,958 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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