505 Oakville RdAppomattox, VA 24522
- Other commercial real estate
- 23.48 AC
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
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
Comparable in this City
Similar Nearby for Sale
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