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Property profile & analytics
OFF-MARKET
Land

1150 Spruce St Martinsville, VA 24112

0.86 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.863-acre commercial lot, located at 1150 Spruce St, Martinsville, VA 24112 (APN 000425500), is ideally suited for a variety of professional uses. Owned by Lanier Farms Inc., this property boasts approximately 180 feet of road frontage on Spruce Street, providing excellent visibility and accessibility. The permitted zoning is C-N, making it suitable for commercial or professional office development. Its convenient location near the Druid Hills shopping center offers easy access to amenities and a strong customer base. The property's proximity to the US 58/220 bypass (within 2.5 miles) ensures convenient access for clients and employees. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Martinsville, Virginia. The asking price is $125,000. Serious inquiries only.

Property profile
Verified
Property type Land
Lot 0.86 ac (37,592 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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