Property profile

0 Riverwood Dr Lancaster, VA 22503

OFF-MARKET
Land
11.41 ac lot
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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

Location

Riverwood Dr Lancaster, VA 22503
Lancaster 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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