Property profile

516 Oakville Rd Appomattox, VA 24522

FOR SALE
Commercial real estate
Property ID
US87-2453660
9,999 SF 2.61 ac lot Built 1930
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516 Oakville Rd, Appomattox, VA 24522 For Sale
Contact for pricing 9,999 SF
516 Oakville Rd, Appomattox, VA 24522
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Property summary

AI-generated overview

This exceptional 2.61-acre commercial property, encompassing tax parcels 64-B2-A and 64-B2-A1, presents a remarkable investment opportunity in Appomattox, VA. Located at 516 Oakville Road, this strategically positioned lot boasts an impressive 291 feet of frontage on Route 26, directly across from the main entrance of Walmart. Adding to its appeal is an additional 293 feet of road frontage at the rear of the property. The high-traffic location benefits from a daily vehicle count of 13,000 vehicles on Route 26 and 17,000 vehicles on US-460, ensuring significant visibility and accessibility for any commercial venture. Currently, the property features a log cabin home and a detached garage, providing immediate rental income potential until redevelopment plans are implemented. Public water is readily available on-site, and sewer lines are conveniently located nearby, simplifying infrastructure connections. The property's 9,999 square feet of land offers ample space for a variety of commercial developments, making it an ideal location for businesses seeking high visibility and strong foot traffic. This property's combination of prime location, existing rental income, and development potential makes it a truly unique investment opportunity.

Property profile

Verified
Property type Commercial real estate
Year built 1930
Total area 9,999 SF
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

Location

516 Oakville Rd Appomattox, VA 24522
Appomattox metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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