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Property profile & analytics
OFF-MARKET
Land

0 M778+Chv Melfa, VA 23410

20 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 20+-acre parcel in Melfa, Virginia, presents a unique mixed-use development opportunity. Strategically located, the property boasts eight lots along US-13 and Lankford Highway, zoned for commercial use. These lots can be developed into two separate 2-acre commercial parcels zoned General Business. The remaining 16+- acres are designated for residential development, with prior approvals secured for construction of over 200 homes. Preliminary approvals exist for an initial phase of 45 units across three buildings situated behind the commercial lots. Infrastructure is in place, including a main sewer line constructed east of US-13. Accomack County actively encourages dense residential development in this area, making this a highly attractive investment. The seller is open to both cash offers and offers contingent upon development and is willing to provide financing to qualified buyers. This property offers significant potential for substantial returns, combining prime commercial frontage with substantial residential development capacity. The property's location along a major highway ensures high visibility and accessibility. This is a rare opportunity to acquire a large, well-situated parcel with existing approvals, making it ideal for a developer seeking a lucrative project in a growth-oriented market.

Property profile
Verified
Property type Land
Lot 20 ac (871,200 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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