913 Old Buckingham Rd Cumberland, VA 23040
This unique 1-acre property at 913 Old Buckingham Road in Cumberland, VA, presents a compelling investment opportunity for cash buyers. Priced at $180,000, this substantial building boasts a rich history, having previously served as a dance hall and movie theatre. Its expansive size offers significant potential for adaptive reuse. Imagine transforming this landmark into a daycare center, assisted living facility, or even a place of worship. Alternatively, the building could be converted into a remarkable private residence. The property features original wood flooring from the early 1900s, offering a unique opportunity for restoration and reclamation. However, it's crucial to understand that the building is quite old and requires extensive renovations. Due to its age and condition, it will not qualify for financing through government-backed loan programs
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.