M778+Chv Melfa, VA 23410
- Land
- 20.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 M778+Chv
- Lot size
- 20.00 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melfa
- County
- Melfa
- State
- Virginia
- Longitude
- -75.7363
- Latitude
- 37.6644
