2010 Spruce St Martinsville, VA 24112
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.