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Property profile & analytics
OFF-MARKET
Commercial real estate

2448 Lake Monticello Rd Palmyra, VA 22963

34.94 ac lot
Property ID
US87-3778967
Property summary
AI-generated overview

This exceptional 34.94-acre commercial land parcel presents a rare development opportunity in Palmyra, Virginia. Located at 2448 Lake Monticello Rd, this property consists of six contiguous parcels (APN: 9-A-11, 9-A-11B, 9-A-11C, 9-A-11D, 9-A-11F, 9-A-11G) and is zoned B-1, allowing for a variety of commercial uses. Its prime location within the thriving Lake Monticello community offers significant advantages, including proximity to residential areas, lake amenities, and high traffic volume. The site is well-suited for projects such as medical facilities, grocery stores, or retail establishments, catering to the growing needs of both residents and visitors. Existing infrastructure, including water and power, simplifies the development process, reducing upfront costs and accelerating project timelines. This strategic location and substantial acreage provide immense potential for significant return on investment. The property's proximity to scenic lake beaches and community amenities further enhances its appeal and desirability. This is a unique opportunity to capitalize on the area's growth and establish a thriving commercial presence in a vibrant community. The asking price for this exceptional property is $4,250,000.

Property profile
Verified
Property type Commercial real estate
Lot 34.94 ac (1,521,986 SF)
APN 9-A-11, 9-A-11B, 9-A-11C, 9-A-11D, 9-A-11F, 9-A-11G
UPID US87-3778967
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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