4204 Lankford HwyExmore, VA 23350

Property Details for 4204 Lankford Hwy

Year built

2007

Lot size

40.00 AC

Property type

Office properties

Property subtype

Office buildings

APN

10-12-B

APU

1012B

Description

This exceptional 0.53-acre commercial property at 4204 Lankford Highway in Exmore, VA, presents a fantastic opportunity for small businesses. Strategically located near shopping centers, this parcel boasts excellent visibility to traffic traveling both north and south, thanks to its placement at a traffic light. The property includes an existing structure featuring a private office, a bathroom, and a spacious reception area or potential co-working space. This versatile building offers immediate occupancy for a business seeking a ready-made space. Alternatively, the lot provides the ideal site for a build-to-suit project, allowing for the construction of a custom-designed building tailored to specific business needs. The location's proximity to shopping centers ensures high foot traffic and visibility, making it an attractive proposition for a variety of businesses. The property's size and existing infrastructure make it a highly desirable investment opportunity in a thriving commercial area. The asking price is $125,000. This is a rare chance to acquire a well-situated commercial property in Exmore, offering both immediate usability and future development potential. Don't miss this chance to establish your business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $367,937,472

  6.5%

  $339,634,592

  7%

  $315,374,976

• Comparable approach

  Method

  Valuation

  Relative Method

  $223,259,408

  Geo Method

  $290,998,240

• Alternative Use

  Use

  Valuation

  Residential

  $421,146,912

  Hospitality

  $385,768,288

  Educational

  $320,954,688

  Medical

  $331,992,832

  Retail

  $499,262,880

Location Insight

City

Exmore

County

Northampton

State

Virginia

Latitude

37.52

Longitude

-75.8324

Property Tax & Assessments

FAQs

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