516 Oakville Rd, Appomattox, VA 24522
For Sale
This 2.61-acre commercial land parcel in Appomattox, Virginia, presents a unique investment opportunity. Located at 516 Oakville Road, the property boasts 291 feet of frontage on Route 26, directly across from a Walmart, ensuring high visibility and accessibility. The site benefits from a significant daily traffic count of 13,000 vehicles on Route 26 and 17,000 on US-460. The property includes two tax parcels (64-B2-A and 64-B2-A1) and offers an additional 293 feet of road frontage at the rear. Currently featuring a log cabin home and detached garage, which provide potential rental income until redevelopment, the property is well-suited for various commercial ventures. Public water is available on-site, and sewer lines are conveniently located nearby. Easy access is provided via US-460E, with clear directions from Lynchburg. This high-traffic location and versatile land make it an ideal investment for developers and entrepreneurs seeking a prime commercial site in a thriving area. The asking price is $495,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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