1 Oak Point Dr, Lancaster, VA 22503
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.
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
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.