23147 Prince Edward Hwy, Rice, VA 23966-2403
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.
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Lib's Place (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.