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Property profile & analytics
OFF-MARKET
Land

1203 3Rd St Farmville, VA 23901

3.43 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.43-acre commercial land parcel presents a unique investment opportunity in Farmville, Virginia. Located at 1203 East Third Street (US Highway 460), this property boasts approximately 420 feet of direct frontage on a highly trafficked road. The B-2 zoning allows for a variety of commercial uses, making it ideal for restaurants, retail establishments, or a motel. Its strategic location directly across from The Shoppes at Sunchase, Sunchase Cinemas, and Sunchase at Longwood Apartments ensures high visibility and accessibility. The property's proximity to Longwood University, with its over 5,000 students, provides a substantial potential customer base. Furthermore, its proximity to the 280-acre Heartland Innovative Technology Park adds to its appeal. The area has experienced a 20% population increase over the past two decades, indicating strong growth and future potential. This property offers significant development possibilities in a thriving community. The asking price is $315,000. The property is situated in Prince Edward County, Virginia, zip code 23901.

Property profile
Verified
Property type Land
Lot 3.43 ac (149,411 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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