0 Riverwood Dr, Lancaster, VA 22503
This exceptional 11.407-acre commercial lot in Lancaster County, Virginia, presents a unique investment opportunity. Located on Riverwood Drive, zip code 22503, the property boasts a desirable R zoning designation, offering flexibility for various commercial ventures. Situated in a well-established waterfront neighborhood, it provides convenient access to the Corrotoman River, complete with a community boat ramp and dock. The location offers both privacy and accessibility, being just five minutes from the town of Kilmarnock, an hour and a half from Richmond, and a three-hour drive from Washington, D.C. Further enhancing its appeal, the property includes a 2023-issued four-bedroom conventional septic letter and a recent full survey. The current owners have thoughtfully developed walking paths and a campsite, adding to the property's existing charm. Community amenities extend to tennis courts, providing additional recreational value. This is an ideal location for those seeking a blend of tranquility and convenient access to major urban centers. The asking price for this remarkable property is $85,000.
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
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Property description
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No recorded transactions found for this property.
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