1306 Main StFarmville, VA 23901

Property Details for 1306 Main St

Lot size

1.17 AC

Zone code

A2

Property type

Retail properties

Property subtype

Retail space

APN

110AMA 8

APU

110AMA8

Description

This exceptional Farmville, VA property at 1306 North Main St, zip code 23901, presents a unique investment opportunity. Priced at $300,000, the sale includes the building, land, and all existing equipment – a complete turnkey butcher shop. The main building offers 1,376 square feet of space, while an attached, 1,287 square foot building, currently used for storage, provides significant expansion potential. This additional space offers numerous possibilities, from a complementary business to rental income. The existing butcher shop is fully equipped with a walk-in cooler, refrigerated boxes, and various other commercial-grade refrigeration units. The property's prime location on North Main Street in Farmville, within Prince Edward County, ensures high visibility and accessibility. The versatile nature of this property makes it ideal for a variety of uses, including but not limited to a sandwich shop, hair salon, or other retail ventures. This is a rare chance to acquire a fully equipped commercial space with substantial expansion possibilities in a thriving Virginia community. The property's existing infrastructure and equipment significantly reduce start-up costs, making it an attractive investment for both seasoned entrepreneurs and newcomers to the market. Don't miss this chance to own a piece of Farmville's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $11,198,489

  6.5%

  $10,337,067

  7%

  $9,598,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,480,236

  Geo Method

  $29,480,236

• Alternative Use

  Use

  Valuation

  Residential

  $8,719,703

  Hospitality

  $7,987,201

  Educational

  $6,645,258

  Medical

  $6,873,798

  Retail

  $10,337,067

Location Insight

City

Farmville

County

Cumberland

State

Virginia

Latitude

37.3173

Longitude

-78.3851

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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