Property profile

47 Hwy Chase City, VA 23924

OFF-MARKET
Land
0.2 ac lot
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Property summary

AI-generated overview

This exceptional 0.2-acre commercial land parcel presents a unique investment opportunity in the thriving town of Chase City, Virginia. Situated conveniently on Highway 47, this property boasts an R2 zoning designation, opening doors to a variety of commercial development possibilities. The lot size, while estimated based on county GIS data (as the acreage isn't reflected on the tax card), is approximately 0.2 acres, providing ample space for a range of projects. Its strategic location offers easy access to the vibrant community of Chase City and the recreational attractions of Kerr Lake, just a short 15-minute drive away. This prime location promises high visibility and convenient access for businesses, making it an ideal site for entrepreneurs and investors seeking a foothold in a growing market. The R2 zoning allows for diverse commercial uses, subject to local regulations, providing flexibility for future development plans. This is a rare opportunity to acquire a well-positioned commercial lot in a desirable location with significant potential for growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional property. The asking price is $9,900. The property is located in Mecklenburg County, Virginia, zip code 23924.

Property profile

Verified
Property type Land
Lot 0.2 ac (8,712 SF)

Cap rate & NOI

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

Location

47 Hwy Chase City, VA 23924
Chase City 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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