3 Oak Point Dr, Lancaster, VA 22503
This exceptional 2.4-acre commercial property, located at 3 Oak Point Dr, Alfonso, VA 22503, presents a unique opportunity in Lancaster County. Situated on the eastern branch of the Corrotoman River, this pristine waterfront lot boasts 782 feet of shoreline with an impressive water depth of 8+ feet MLW. The property offers breathtaking 270-degree panoramic views, ideal for enjoying daily sunrises and sunsets. The R-1 zoning allows for a variety of potential commercial developments. The tranquil setting provides a peaceful country atmosphere, yet is conveniently located within a short distance of fine restaurants, boutique shopping, and golf courses. This is a rare opportunity to acquire a spectacular waterfront site, perfect for creating a luxurious and tranquil lifestyle or a unique commercial venture. The property is being offered for $785,000. Latitude: 37.7216119, Longitude: -76.4435052.
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
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No recorded transactions found for this property.
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Risks
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