193 Mclendon DrFarmville, VA 23901

Property Details for 193 Mclendon Dr

Lot size

3.00 AC

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

052 A 1

APU

052A1

Description

This exceptional multi-purpose property, located at 193 McLendon Drive just outside Farmville, VA, presents a unique investment opportunity. Boasting a substantial 11,808 square feet of indoor space, this venue is ideally suited for a wide range of uses. The interior features a fully equipped commercial kitchen, perfect for catering large events or establishing a restaurant. Multiple seating areas, a dedicated bar, and several private rooms offer flexibility for various configurations. A spacious dance floor and DJ booth cater to events requiring entertainment. Four restrooms ensure ample convenience for guests. The property's extensive outdoor area, encompassing over 5.78 acres, includes a paved parking lot with lighting and an entry gate, ensuring easy access and ample space for vehicles. A dedicated booth further enhances the entry experience. Beyond the parking, the expansive grounds boast an outdoor ball field and stage, providing additional space for outdoor events and activities. This combination of indoor and outdoor space offers limitless possibilities for hosting events of all sizes and types, from weddings and corporate gatherings to sporting events and community festivals. The property's location just outside Farmville town limits offers a blend of accessibility and a tranquil setting. This is a rare opportunity to acquire a versatile and well-equipped property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $24,221,492

  6.5%

  $22,358,300

  7%

  $20,761,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,494,244

  Geo Method

  $46,494,244

• Alternative Use

  Use

  Valuation

  Residential

  $22,358,300

  Hospitality

  $20,480,082

  Educational

  $17,039,188

  Medical

  $17,625,192

  Retail

  $26,505,404

Location Insight

City

Farmville

County

Prince Edward

State

Virginia

Latitude

37.2675

Longitude

-78.3948

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].