4204 Lankford Hwy Exmore, VA 23350
- Office buildings
- 40.00 lot acres
Current Use by Public Records
- Office buildings
Property Details for 4204 Lankford Hwy
- Year built
- 2007
- Lot size
- 40.00 lot acres
- Property type
- Office buildings
- APN
- 10-12-B
- APU
- 1012B
Description
This exceptional 0.53-acre commercial property at 4204 Lankford Highway in Exmore, VA, presents a fantastic opportunity for small businesses. Strategically located near shopping centers, this parcel boasts excellent visibility to traffic traveling both north and south, thanks to its placement at a traffic light. The property includes an existing structure featuring a private office, a bathroom, and a spacious reception area or potential co-working space. This versatile building offers immediate occupancy for a business seeking a ready-made space. Alternatively, the lot provides the ideal site for a build-to-suit project, allowing for the construction of a custom-designed building tailored to specific business needs. The location's proximity to shopping centers ensures high foot traffic and visibility, making it an attractive proposition for a variety of businesses. The property's size and existing infrastructure make it a highly desirable investment opportunity in a thriving commercial area. The asking price is $125,000. This is a rare chance to acquire a well-situated commercial property in Exmore, offering both immediate usability and future development potential. Don't miss this chance to establish your business in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $285,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $330,000
- Mixed-Use
- $325,000
- Hospitality
- $285,000
- Educational
- $325,000
- Residential Income
- $280,000
- Energy
- $310,000
- Income-Based Land
- $300,000
- Food Service
- $240,000
Location Insight
- Map
- Local Demand
- City
- Exmore
- County
- Northampton
- State
- Virginia
- Longitude
- -75.8324
- Latitude
- 37.52