106 Bridge StFarmville, VA 23901

  • Mixed-use properties
  • 1.45 AC
For Sale
$369,900 View listing

Property Details for 106 Bridge St

Lot size
1.45 AC
Property type
Mixed-use properties
Property subtype
Other industrial properties
APN
023A4237 1B1
APU
023A42371B1

Description

This exceptional 2,172 square foot commercial building presents a fantastic opportunity in the heart of Farmville, Virginia. Situated on a 1.45-acre lot, the property boasts ample paved parking for employees and clients. The well-maintained, two-story structure features a thoughtfully designed interior layout including multiple offices, a dedicated conference area, a convenient kitchen, and two half-bathrooms. Enhancements include a landscaped yard and a large welcoming front porch, complemented by convenient handicap access at the rear of the building. Its prime location places it within easy reach of Main Street and Longwood University, ensuring high visibility and accessibility. The property is zoned B2 and benefits from connection to town utilities, with fiber internet availability. This turnkey solution is ideal for businesses seeking to establish a presence or expand their operations in a thriving community. The building's quality construction and desirable features make it an exceptional investment opportunity. Don't miss this chance to secure a prominent commercial space in a vibrant and growing area. The asking price is $369,900.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,739,305
    6.5%
    $10,836,282
    7%
    $10,062,262
  • Comparable approach

    Method
    Valuation
    Relative Method
    $22,534,126
    Geo Method
    $22,534,126
  • Alternative Use

    Use
    Valuation
    Residential
    $10,836,282
    Hospitality
    $9,925,976
    Educational
    $8,258,296
    Medical
    $8,542,311
    Retail
    $12,846,237
106 Bridge St, Farmville, Virginia

Location Insight

City
Farmville
County
Prince Edward
State
Virginia
Latitude
37.2996
Longitude
-78.3893

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,199
$67,300
$182,400
$249,700
-
$67,300
$182,400
$249,700

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