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    FOR SALE
    Commercial real estate

    516 Oakville Rd, Appomattox, VA 24522

    2.61 ac lot
    Property ID
    US87-2453660
    516 Oakville Rd, Appomattox, VA 24522 For Sale
    $595,000
    516 Oakville Rd, Appomattox, VA 24522
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.61 ac (113,692 SF)
    UPID US87-2453660
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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