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Property profile & analytics
OFF-MARKET Estimated value $655,000
Industrial properties

193 Mclendon Dr Farmville, VA 23901

3 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US87-2985980
Property summary
AI-generated overview

This exceptional multi-purpose property, located at 193 McLendon Drive just outside Farmville, VA, presents a unique investment opportunity. Boasting a substantial 11,808 square feet of indoor space, this venue is ideally suited for a wide range of uses. The interior features a fully equipped commercial kitchen, perfect for catering large events or establishing a restaurant. Multiple seating areas, a dedicated bar, and several private rooms offer flexibility for various configurations. A spacious dance floor and DJ booth cater to events requiring entertainment. Four restrooms ensure ample convenience for guests. The property's extensive outdoor area, encompassing over 5.78 acres, includes a paved parking lot with lighting and an entry gate, ensuring easy access and ample space for vehicles. A dedicated booth further enhances the entry experience. Beyond the parking, the expansive grounds boast an outdoor ball field and stage, providing additional space for outdoor events and activities. This combination of indoor and outdoor space offers limitless possibilities for hosting events of all sizes and types, from weddings and corporate gatherings to sporting events and community festivals. The property's location just outside Farmville town limits offers a blend of accessibility and a tranquil setting. This is a rare opportunity to acquire a versatile and well-equipped property with significant potential.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 3 ac (130,680 SF)
APN 052 A 1
UPID US87-2985980
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
Current use
Occupant on record · Public records
  • New Fever's Restaurant Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$655k
Owner & transaction history
Kelvin J King · 3 yrs held
Kelvin J King
since 2023
Last sale
$650,000
1 recorded transaction
2023
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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