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Property profile & analytics
OFF-MARKET Estimated value $1,295,000
Industrial properties

301 Main St Farmville, VA 23901-1309

0.14 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US87-2551425
Property summary
AI-generated overview

This 11,400-square-foot, two-story, Class B storefront building in Farmville, Virginia, is available for $1,100,000. Built in 2006, this multi-tenant property sits on a 0.2-acre lot at 301 N. Main Street, zoned B-1. The building features a mix of retail and residential space, including a 1-bedroom apartment. The street-level retail space (approx. 3,800 sq ft) boasts reclaimed wood flooring, custom trim, and an ADA-compliant restroom. A basement (approx. 3,800 sq ft) provides storage and houses mechanical systems, including a kitchen area and storage racks. The upper floor (approx. 3,800 sq ft) offers over 2,300 square feet of open space, plus the apartment with premium cabinetry, modern fixtures, a spacious living area, bonus office/storage, tile flooring, washer/dryer hookups, two closets, and a rear porch. All three floors are served by an elevator. Recently replaced multi-zone HVAC units ensure energy efficiency. This property presents a unique opportunity for investors or entrepreneurs seeking a prominent location in historic downtown Farmville. The building's blend of classic and modern design, combined with its versatile space and prime location, makes it an attractive investment. The property is currently vacant, allowing for immediate occupancy and customization to suit a variety of business needs. The apartment offers additional income potential or comfortable living space.

Property profile
Verified
Property type Industrial properties
Use group MIXED USE (COMMERCIAL/INDUSTRIAL)
Lot 0.14 ac (6,098 SF)
APN 023A4152 9
UPID US87-2551425
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
  • Sleeping Bee (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M
Owner & transaction history
Sursum Corda Fvl LLC · 1 yrs held
Sursum Corda Fvl LLC
since 2024
Last sale
$1.3M
1 recorded transaction
2024
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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