Property profile

16-16 Richmond Rd Warsaw, VA 22572

OFF-MARKET
Land
10.7 ac lot
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Property summary

AI-generated overview

This exceptional 10.7-acre commercial development site in Warsaw, Virginia, is priced at $499,000 ($46,636/acre). Ideally situated on Richmond Road, this level parcel boasts approximately 620 feet of road frontage, providing excellent visibility and accessibility. The property's C-2 zoning permits a wide variety of retail and service uses, easily accommodating necessary parking requirements. Conveniently located at the entrance to Warsaw, this site benefits from a median cut and turnout lane from the westbound side of Route 360, and also enjoys right-of-way access via the McDonald's entrance. Utilities are readily available, with public water, sewer, and electric located both at the front and rear of the property. This prime location places the property within both Enterprise and Opportunity Zones, surrounded by established businesses including Food Lion, McDonald's, Hardee's, NAPA, Tractor Supply, Walgreens, Dollar General, and Dollar Tree. This presents a unique opportunity for developers seeking a high-visibility location with significant potential for growth and return on investment. The property's address is 16-16 Richmond Rd, Warsaw, VA 22572.

Property profile

Verified
Property type Land
Lot 10.7 ac (466,092 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16-16 Richmond Rd Warsaw, VA 22572
Warsaw metro
Google Maps

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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