256 Main St Kilmarnock, VA 22482
This exceptional 5.07-acre commercial land parcel presents a remarkable development opportunity in the thriving town of Kilmarnock, Virginia. Located at 238-256 North Main Street, this property boasts a highly desirable C2 zoning classification, permitting a diverse range of uses including retail, office, and mixed-use developments. The expansive lot offers significant potential for a variety of projects, capitalizing on its strategic location adjacent to the Kilmarnock Town Center park. This prime location ensures high visibility and convenient access for potential businesses and customers. The property's proximity to Lancaster Elementary School and a variety of local shopping options further enhances its appeal. Established businesses in the immediate area include Wendy's, Subway, Dairy Queen, Food Lion, Pizza Hut, and Walmart, indicating a strong and established retail presence. The asking price for this exceptional property is $970,000. This represents a unique chance to acquire a substantial land holding in a vibrant and growing community, poised for significant future development and return on investment. The property's address is 256 N Main St, Kilmarnock, VA 22482.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.