For Sale
$1,000,000

M778+Chv Melfa, VA 23410

20-acre development opportunity in Virginia.

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional 20+-acre parcel in Melfa, Virginia, presents a unique mixed-use development opportunity. Strategically located, the property boasts eight lots along US-13 and Lankford Highway, zoned for commercial use. These lots can be developed into two separate 2-acre commercial parcels zoned General Business. The remaining 16+- acres are designated for residential development, with prior approvals secured for construction of over 200 homes. Preliminary approvals exist for an initial phase of 45 units across three buildings situated behind the commercial lots. Infrastructure is in place, including a main sewer line constructed east of US-13. Accomack County actively encourages dense residential development in this area, making this a highly attractive investment. The seller is open to both cash offers and offers contingent upon development and is willing to provide financing to qualified buyers. This property offers significant potential for substantial returns, combining prime commercial frontage with substantial residential development capacity. The property's location along a major highway ensures high visibility and accessibility. This is a rare opportunity to acquire a large, well-situated parcel with existing approvals, making it ideal for a developer seeking a lucrative project in a growth-oriented market.

Highlights

  • 20+-acre mixed-use development site in Melfa, VA.
  • Eight commercial lots along US-13 and Lankford Highway, zoned General Business.
  • Potential for two 2-acre commercial parcels.
  • 16+-acres zoned for residential development with approvals for over 200 homes.
  • Preliminary approvals for 45-unit residential phase.
  • Existing sewer infrastructure.

Property Details for 0 M778+Chv

Property type
Land
Lot Size (sq. ft)
871,200 SF

Location Insight

City
Melfa
County
Melfa
State
Virginia
Latitude
37.6644011
Longitude
-75.7363039
M778+Chv, Melfa, Virginia

FAQs

What type of property is this?
Land - 20-acre development opportunity in Virginia.
Where is the land located?
The property is located at M778+Chv Melfa, VA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 20+-acre mixed-use development site in Melfa, VA.; Eight commercial lots along US-13 and Lankford Highway, zoned General Business.; Potential for two 2-acre commercial parcels.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 M778+Chv
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message