Property profile

3 Oak Point Dr Lancaster, VA 22503

OFF-MARKET
Land
2.4 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

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

Location

3 Oak Point Dr Lancaster, VA 22503
Lancaster 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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