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    OFF-MARKET
    Land

    0 Riverview Ave, Buffalo Junction, VA 24529

    1.55 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.55-acre commercial land parcel presents a unique investment opportunity in Buffalo Junction, Virginia. Located on Riverview Avenue in Mecklenburg County, zip code 24529, this property boasts convenient access to Kerr Lake, offering significant potential for various commercial ventures. The land is zoned for residential use (Res), providing flexibility for development. The property comprises three individual lots, each approximately half an acre, all backing onto U.S. Army Corps land bordering Kerr Lake. Recent perc tests have been completed on all three lots, ensuring suitability for development. A pre-existing well is situated on the middle lot, further enhancing its appeal. The community features a convenient boat ramp, adding to the property's recreational and commercial advantages. This affordable land offers a compelling opportunity to capitalize on the desirable Kerr Lake location and create a profitable venture. The property's proximity to the lake and the existing infrastructure make it an attractive option for developers seeking a prime location for commercial development. The existing well on one of the lots reduces initial development costs. The three separate lots allow for flexibility in development plans, potentially catering to multiple businesses or individual buyers. This is an exceptional opportunity to acquire a piece of prime real estate in a sought-after location. The asking price is $100,000. A virtual tour is available online.

    Property profile
    Verified
    Property type Land
    Lot 1.55 ac (67,518 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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