2644 Farmville RdFarmville, VA 23901

Property Details for 2644 Farmville Rd

Lot size

13.00 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

051 10 2B

APU

051102B

Description

This exceptional 13.95-acre parcel presents a unique opportunity for diverse development in Farmville, Virginia. Located at 2644 Farmville Road, this strategically positioned land boasts high visibility and convenient access. Its zoning allows for commercial, industrial, and residential uses, offering flexibility for a variety of projects. The property enjoys significant frontage on Route-15, a major thoroughfare, and is situated directly across from a Lowe's home improvement store, ensuring high traffic and excellent brand exposure. Its proximity to Route 460 further enhances its accessibility and connectivity. The expansive lot size provides ample space for large-scale developments, while the triple-use zoning allows for creative and potentially lucrative mixed-use projects. Detailed site surveys and environmental assessments are available upon request. This is an exceptional opportunity to acquire a prime piece of land in a thriving Virginia community with strong potential for significant return on investment. The property is located in Prince Edward County, Virginia, with a zip code of 23901. The precise coordinates are latitude 37.2657074 and longitude -78.4103253. Broker co-op is available.

• CAP approach

  CAP return

  Valuation

  6%

  $104,959,800

  6.5%

  $96,885,968

  7%

  $89,965,544

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,475,056

  Geo Method

  $201,475,056

• Alternative Use

  Use

  Valuation

  Residential

  $96,885,968

  Hospitality

  $88,747,024

  Educational

  $73,836,480

  Medical

  $76,375,832

  Retail

  $114,856,752

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.2654

Longitude

-78.4103

Property Tax & Assessments

FAQs

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