505 Oakville RdAppomattox, VA 24522

  • Other commercial real estate
  • 23.48 AC
For Sale

Property Details for 505 Oakville Rd

Year built
2009
Lot size
23.48 AC
Property type
Other commercial real estate
APN
64A1 A 6
APU
64A1A6

Description

This exceptional investment opportunity presents two available outparcels situated at the high-traffic intersection of Rt 460 and Rt 26 in Appomattox, Virginia. The property boasts a dominant retail trade area extending 15 miles, ensuring high visibility and strong consumer traffic. Lot A encompasses 2.40 acres and is priced at $325,000, while Lot B offers 1.84 acres for $285,000. The location benefits from significant daily traffic volume, with Highway 460 recording 16,000 AADT. This thriving commercial area is anchored by established retailers including Kroger, Schewels, Peebles, CVS, BB&T, and Wendy's, providing a strong foundation for future development and ensuring high foot traffic for any new business. The property is zoned for commercial use and offers significant potential for a variety of businesses seeking a prime location in a well-established retail corridor. The address is 505 Oakville Road, Appomattox, VA 24522, within Appomattox County. This is a rare opportunity to acquire land in a high-demand location with excellent visibility and access. Both lots are ready for development, presenting a compelling investment opportunity for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $174,990,992
    Hospitality
    $160,290,816
    Educational
    $133,360,072
    Medical
    $137,946,528
    Retail
    $207,449,008
505 Oakville Rd, Appomattox, Virginia

Location Insight

City
Appomattox
County
Appomattox
State
Virginia
Latitude
37.3657
Longitude
-78.8406
CBSA code
31340
CBSA name
LYNCHBURG, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$33,570
$1,337,000
$458,800
$1,795,800
-
$1,337,000
$458,800
$1,795,800

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].