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Property profile & analytics
OFF-MARKET
Land

0 Rich Acres School Rd Martinsville, VA 24112

34 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 34-acre commercial land parcel presents a unique investment opportunity in Martinsville, Virginia. Located on Rich Acres School Road, this property boasts a highly desirable location directly across from Rich Acres Elementary School in Henry County, zip code 24112. The land was clear-cut in 2010, presenting a clean slate for future development. Its expansive size offers significant potential for various commercial ventures, particularly given its proximity to the elementary school and its established residential neighborhood. The property's strategic location provides excellent visibility and accessibility, making it an attractive site for businesses seeking high foot traffic and convenient access for customers and employees. Detailed site surveys and environmental assessments are recommended to fully explore the development possibilities. This is a rare opportunity to acquire a substantial tract of land in a growing area with strong potential for residential development. The property's location offers a compelling combination of convenience and visibility, making it an ideal investment for developers seeking a prime location for a new project. Serious inquiries are encouraged to explore the full potential of this exceptional property. Coordinates are 36.6377701 latitude and -79.8743841 longitude.

Property profile
Verified
Property type Land
Lot 34 ac (1,481,040 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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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