2100 Peery Dr Farmville, VA 23901
This exceptional 5.84-acre commercial property in Farmville, Virginia, is ideally situated at the bustling intersection of US Highways 15 and 460, offering unparalleled visibility and accessibility. Already approved for hotel/motel development, this level lot presents a unique investment opportunity. The property boasts convenient proximity to a variety of amenities, including numerous restaurants, two colleges, Harbor Freight, Lowe's, and an 18-hole golf course. Its location within biking distance of Farmville's vibrant downtown and Walmart further enhances its appeal. The property is situated within both the Town of Farmville (providing access to water and sewer services) and Prince Edward County, serving a substantial 7-county population exceeding 150,000. An existing structure, previously used as a fire department training facility, is included on the site and is being sold "AS IS." An old well and septic system are also present on the property. The property is zoned C1. The asking price is $1,500,000. While there are no warranties or guarantees on any existing systems, this property offers significant potential for a variety of commercial ventures in a thriving Virginia community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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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