1150 Spruce St Martinsville, VA 24112
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.
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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