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Property profile & analytics
OFF-MARKET
Land

2010 Spruce St Martinsville, VA 24112

124.82 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 124.82-acre commercial and industrial land parcel presents a unique development opportunity in Martinsville, Virginia. Located at 2010 Spruce Street, zip code 24112, this property boasts convenient access via Sam Lions Trail and 277 feet of frontage on Spruce Street. The land is zoned R( and features readily available public utilities including water, sewer, natural gas, and cable. Its prime location within Lanier Farms offers stunning views overlooking Mulberry Creek and Forest Park Country Club. This is the last large, developable tract in the city, making it an ideal site for a mixed-use development. Potential uses include single-family homes, townhomes, condominiums, or apartments, catering to a variety of housing needs. The expansive acreage and desirable amenities make this property a highly attractive investment for developers seeking a premier location in Martinsville and Henry County. The APN is 000424900. The asking price for this significant landholding is $355,000.

Property profile
Verified
Property type Land
Lot 124.82 ac (5,437,159 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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