Property profile

1 Oak Point Dr Lancaster, VA 22503

OFF-MARKET
Land
2.06 ac lot
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Property summary

AI-generated overview

This exceptional 2.06-acre commercial land parcel presents a unique investment opportunity in Lancaster, Virginia. Located at 1 Oak Point Drive, this property boasts a desirable location within the exclusive Oak Hill waterfront community. Oak Hill offers a tranquil setting with only six home sites, ensuring privacy and exclusivity. The land itself is partially wooded, providing a natural and picturesque backdrop. The property enjoys access to deep water on the Corrotoman River, a significant advantage for potential development. Zoned for residential use, this land offers considerable potential for various residential projects, capitalizing on the stunning waterfront views and peaceful atmosphere. The asking price is $195,000. The property's address is 1 Oak Point Drive, Lancaster, VA 22503, situated in Lancaster County. Its precise coordinates are latitude 37.7216119 and longitude -76.4435052. Given its size, location, and zoning, this land parcel represents a compelling investment opportunity for discerning buyers seeking a prime waterfront development site in a highly sought-after community. The opportunity to build in this exclusive community is rare. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 2.06 ac (89,734 SF)

Cap rate & NOI

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

Location

1 Oak Point Dr Lancaster, VA 22503
Lancaster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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