1605 3Rd StFarmville, VA 23901

Property Details for 1605 3Rd St

Lot size

0.45 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

023A2 A 4

APU

023A2A4

Description

This exceptional 1,053 square foot commercial building presents a fantastic opportunity for businesses seeking a high-visibility location in Farmville, Virginia. Situated on a four-lane main city road, this brick structure boasts excellent street frontage, ensuring maximum exposure to potential customers. The property includes a convenient paved parking lot, providing ample space for clients and employees. Inside, the versatile layout is suitable for a variety of uses, including office, professional services, or retail operations. The building is connected to town water and sewer, offering reliable and efficient utilities. A significant advantage is its location within the Enterprise Zone, potentially offering various economic incentives and benefits for qualifying businesses. This property is ready for immediate occupancy and represents a compelling investment in a thriving community. The building's solid construction and prime location make it an ideal choice for entrepreneurs and established businesses alike. Don't miss this chance to establish or expand your business in a highly visible and convenient location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,633,224

  6.5%

  $3,353,745

  7%

  $3,114,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,974,137

  Geo Method

  $6,974,137

• Alternative Use

  Use

  Valuation

  Residential

  $3,353,745

  Hospitality

  $3,072,012

  Educational

  $2,555,878

  Medical

  $2,643,779

  Retail

  $3,975,810

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.306

Longitude

-78.4152

Property Tax & Assessments

FAQs

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