Property profile

0 Riverview Ave Buffalo Junction, VA 24529

OFF-MARKET
Land
1.55 ac lot
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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

Location

Riverview Ave Buffalo Junction, VA 24529
Buffalo Junction metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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