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    OFF-MARKET
    Land

    16-16 Richmond Rd, Warsaw, VA 22572

    10.7 ac lot
    Property ID
    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
    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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