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    OFF-MARKET
    Land

    0 Riverwood Dr, Lancaster, VA 22503

    11.41 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 11.41 ac (496,889 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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