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    FOR SALE
    Commercial land

    2870 King William Ave West Point, VA 23181

    Built 1965
    Property ID
    US87-Q053104
    2870 King William Ave, West Point, VA 23181 For Sale 1 / 73
    $774,900
    2870 King William Ave, West Point, VA 23181
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    AI-generated overview

    IDEAL LOCATION and RARE OPPORTUNITY in the rapidly developing, charming town of West Point! MU-1 COMMERCIAL AND HIGH DENSITY R-3 ZONING! 1.74 ACRES! High visibility and 697' OF ROAD FRONTAGE offering EXCELLENT ACCESSIBILITY AND ENDLESS POSSIBILITIES FOR DEVELOPMENT; 167' of road frontage on the high traffic King William Ave, 110' frontage on Lyndale St, and 420' frontage on Moore St! This property's STRATEGIC LOCATION and CURRENT MU-1 AND R-3 ZONING overlays make it WELL POSITIONED FOR INCREASED DENSITY AND ELIGIBILITY FOR VALUABLE ZONING DEVELOPMENT INCENTIVES allowing for limitless opportunities: MU-1 COMMERCIAL-Retail stores, shops, offices, multi-family, apartments, hotels, restaurants; R-3 HIGH DENSITY-multi-family, group homes, limited residential care facilities, non-residential recreational, educational, cultural and public service buildings. The property encompasses 1.737 Acres, an existing 2800sqft brick home in great condition, carport, and 624sqft detached garage w/attached 2BR apartment! The charming 2800sqft cape cod has been meticulously maintained and boasts gorgeous hardwood floors throughout, 4 spacious bedrooms, 3 full bathrooms, an open concept, tons of storage, an enclosed sunroom and entertaining patio!! The existing residential building presents the potential to offer an owner-user on-site accommodation or be used as medical office space, retail shops, group/nursing home accommodation or common area! Recent updates include newer roof, dual zone HVAC, and water heater! Located 45 minutes to Richmond and 20 minutes to Williamsburg! Boasting a Blue Ribbon school district, rapidly growing population w/a variety of development needs, and an expansive waterfront development project well underway; THIS FIRST-TIME OFFERING PRESENTS AN OPPORTUNITY to CAPITALIZE ON A SUCCESSFUL DEVELOPMENT VENTURE THAT YOU DO NOT WANT TO MISS!! bikeScore: 34, Somewhat Bikeable walkScore: 36, Car-Dependent

    Property profile
    Verified
    Property type Commercial land
    Year built 1965
    UPID US87-Q053104
    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
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