106 Bridge StFarmville, VA 23901

Property Details for 106 Bridge St

Lot size

1.45 AC

Property type

Industrial properties

Property subtype

Industrial live-work 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.

• CAP approach

  CAP return

  Valuation

  6%

  $22,619,200

  6.5%

  $20,879,200

  7%

  $19,387,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,261,000

  Geo Method

  $23,261,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,436,600

  Mixed-Use / Specialty

  $10,186,400

  Hospitality / Lodging

  $7,196,230

  Office

  $9,904,130

  Institutional / Educational

  $10,513,700

  Residential Income

  $12,301,000

  Multifamily

  $15,933,600

  Automotive / Energy

  $9,011,720

  Parking / Income-Based Land

  $3,320,210

  Restaurant / Food Service

  $4,843,600

  Healthcare / Senior Housing

  $10,664,300

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.2996

Longitude

-78.3893

Property Tax & Assessments

FAQs

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