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    OFF-MARKET
    Commercial real estate

    424 Oakville Rd, Appomattox, VA 24522

    1.7 ac lot
    Property ID
    US87-2586083
    Property summary
    AI-generated overview

    This 1.7-acre commercial land parcel in Appomattox, Virginia, presents a prime investment opportunity. Located at 424 Oakville Rd., 24522, the property boasts 300 feet of frontage on Route 26, directly across from Walmart and Murphy USA, ensuring high visibility and accessibility. The site benefits from a daily traffic count of 13,000 vehicles on Route 26, and 17,000 VPD along US-460. The property also includes an additional 112 feet of road frontage at the rear, accessed via Log Cabin Rd and Bible Baptist Rd. Currently featuring a brick ranch home providing rental income, the land is well-suited for redevelopment. Public water is available, and sewer lines are nearby. The lot offers excellent topography. An adjacent 2.61-acre parcel with additional frontage on Route 26 is also available for purchase. The asking price for this exceptional property is $439,000. This location offers unparalleled access to US-460, a major thoroughfare. The property's strategic positioning and high traffic volume make it ideal for a variety of commercial ventures.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.7 ac (74,052 SF)
    UPID US87-2586083
    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
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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