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Property profile & analytics
OFF-MARKET Estimated value $340,000
Industrial properties

23147 Prince Edward Hwy Rice, VA 23966-2403

1.38 ac lot
Entity Owned ~ Est. High Equity
Property ID
US87-3246915
Property summary
AI-generated overview

This exceptional 4,260 square foot commercial property, situated on a generous 1.38-acre lot at 23147 Prince Edward Highway in Rice, Virginia, presents a unique investment opportunity. Previously operated as a restaurant, this versatile space offers a cozy atmosphere ideal for a variety of businesses. Imagine transforming this established location into the small business you've always envisioned – a salon, tattoo parlor, photography studio, or even a charming county diner, capitalizing on its existing ambiance and proven potential. The ample square footage provides flexibility for diverse layouts and operational needs. The 1.38-acre lot offers significant potential for expansion or outdoor amenities, enhancing the overall appeal and functionality of the property. Its prime location in Rice, VA ensures high visibility and accessibility for customers. The asking price of $315,000 represents a compelling value for a property with such established character and significant upside potential. This is a rare opportunity to acquire a well-positioned commercial space ready for immediate occupancy and customization to suit your specific business requirements. Don't miss out on this chance to establish your business in a thriving community. Contact us today to schedule a viewing.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 1.38 ac (60,113 SF)
APN 040 A 10
UPID US87-3246915
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
  • Lib's Place (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k
Owner & transaction history
Pe Highway LLC
Pe Highway LLC
since 2025
Last sale
$275,000
3 recorded transactions
2025
$275,000
2022
$330,000
2018
$150,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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