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    OFF-MARKET
    Land

    1 Oak Point Dr, Lancaster, VA 22503

    2.06 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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