0 Melody Ln Martinsville, VA 24112
This exceptional 54-acre property presents a unique investment opportunity in Martinsville, Virginia. Zoned for both commercial and residential development, this expansive tract offers significant potential for a variety of uses. Located conveniently just outside the city limits of Martinsville, with easy access via Stultz Road and Melody Lane in Henry County, VA, zip code 24112. The property's substantial size allows for flexibility in development plans, catering to diverse projects. The land is currently undeveloped, providing a blank canvas for ambitious ventures. Its location offers proximity to the amenities of Martinsville while maintaining a sense of rural tranquility. This is an ideal site for developers seeking a large parcel of land with versatile zoning options. The property's size and location make it an attractive proposition for both commercial and residential development, offering a rare opportunity to shape the future of this area. Detailed surveys and site assessments are recommended to fully explore the development potential of this significant land parcel. The latitude and longitude coordinates are 36.71105998863663 and -79.88222962720425 respectively. This is a single-tenant property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.