0 Milnwood Rd & Scott Dr Farmville, VA 23901
This exceptional 54.98-acre commercial land parcel presents a remarkable investment opportunity in Farmville, Virginia. Strategically located at the intersection of Milnwood Road and Scott Drive, this property boasts excellent visibility and convenient access to major thoroughfares, including S. Main Street and Route 460. The property is zoned B-3, offering a wide range of development possibilities, including hotels, office buildings, commercial spaces, or multi-family residential projects. A smaller 0.53-acre portion is zoned R-2. Its prime location offers significant advantages, situated just one mile from Longwood University (approximately 5,100 students) and less than six miles from Hampden-Sydney College (approximately 1,000 students). The property's proximity to the 280-acre Heartland Innovative Technology Park further enhances its appeal. The surrounding area is home to a robust retail sector, including major brands such as Walmart, Lowe's, Belk, Tractor Supply, Sheetz, and various fast-food restaurants. This property's size, zoning, and location make it an ideal platform for a variety of commercial ventures, capitalizing on the strong local economy and significant student population. The asking price for this exceptional property is $2,200,000. The property's address is Milnwood Road & Scott Drive, Farmville, VA 23901.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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