311 Main St Farmville, VA 23901-1309
This exceptional commercial property, located at 311 N Main Street in Farmville, Virginia (zip code 23901), presents a unique investment opportunity. Boasting over 3600 square feet of open-concept floor space, this special purpose property has historically served as a restaurant, bar, nightclub, art gallery, and professional offices. Its prime Main Street location offers unparalleled visibility to the over 100,000 annual visitors of the nearby High Bridge Trail State Park. Ample public parking is readily available, ensuring convenient access for customers and employees. The property benefits from its proximity to Green Front, a thriving local retail destination, and numerous Main Street restaurants. Recent renovations include a new heat pump, a completely redone roof, upgraded electrical systems, exterior facade improvements, and extensive interior upgrades. The building features two staircases leading to an upper-level loft, gorgeous wood floors, blown insulation ceilings, abundant lighting, and many other remarkable features. This property is offered at $699,000 and presents a compelling opportunity for a variety of commercial ventures. The lot size is not specified.
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
Similar Nearby for Lease
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.