Property profile

0 Main St Chase City, VA 23924

OFF-MARKET
Land
22 ac lot
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Property summary

AI-generated overview

This exceptional 22-acre parcel in Chase City, Virginia, presents a unique investment opportunity. Currently zoned for an engineered townhouse subdivision with a planned 181 lots, this property offers a compelling prospect for residential development. Its location in Chase City aligns perfectly with the town's ongoing economic growth, fueled by the influx of data centers, storage facilities, and other commercial enterprises. The development plan facilitates phased construction, enabling a swift commencement of building operations. This strategic positioning ensures strong potential for a quick return on investment. The property's current pricing also makes it suitable for alternative uses, providing flexibility for discerning investors. Conveniently situated adjacent to 403 South Main Street, the land boasts readily available access. The site's potential extends beyond residential development, offering a versatile platform for various projects. Detailed plans for the 181-lot townhouse subdivision are available upon request. This is an exceptional opportunity to capitalize on the burgeoning growth of Chase City, Virginia, and secure a prime piece of real estate in a thriving market. The property is located in Mecklenburg County, Virginia, with a zip code of 23924. The address is listed as S Main St, Chase City, VA.

Property profile

Verified
Property type Land
Lot 22 ac (958,320 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Chase City, VA 23924
Chase City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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