301 Main StFarmville, VA 23901

Property Details for 301 Main St

Lot size

0.14 AC

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

023A4152 9

APU

023A41529

Description

This 11,400-square-foot, two-story, Class B storefront building in Farmville, Virginia, is available for $1,100,000. Built in 2006, this multi-tenant property sits on a 0.2-acre lot at 301 N. Main Street, zoned B-1. The building features a mix of retail and residential space, including a 1-bedroom apartment. The street-level retail space (approx. 3,800 sq ft) boasts reclaimed wood flooring, custom trim, and an ADA-compliant restroom. A basement (approx. 3,800 sq ft) provides storage and houses mechanical systems, including a kitchen area and storage racks. The upper floor (approx. 3,800 sq ft) offers over 2,300 square feet of open space, plus the apartment with premium cabinetry, modern fixtures, a spacious living area, bonus office/storage, tile flooring, washer/dryer hookups, two closets, and a rear porch. All three floors are served by an elevator. Recently replaced multi-zone HVAC units ensure energy efficiency. This property presents a unique opportunity for investors or entrepreneurs seeking a prominent location in historic downtown Farmville. The building's blend of classic and modern design, combined with its versatile space and prime location, makes it an attractive investment. The property is currently vacant, allowing for immediate occupancy and customization to suit a variety of business needs. The apartment offers additional income potential or comfortable living space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,130,262

  6.5%

  $1,043,319

  7%

  $968,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,169,589

  Geo Method

  $2,169,589

• Alternative Use

  Use

  Valuation

  Residential

  $1,043,319

  Hospitality

  $955,674

  Educational

  $795,110

  Medical

  $822,455

  Retail

  $1,236,838

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.3039

Longitude

-78.3916

Property Tax & Assessments

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