2151 Northumberland Hwy - Office/Residential FOR SALE


Lottsburg, VA 22511
$150,000 USD
804-709-1954
2151 Northumberland Hwy, Lottsburg, VA for Sale
$150,000 USD
Office/Residential - FOR SALE
1/35
null | Request Cap Rate

2151 Northumberland Hwy
Lottsburg, VA 22511


HIGHLIGHTS

  • high daily traffic count
  • 30x60' rear pad site for development with county approval
  • development ready for cluster homes/ county approved
  • renovated office space
  • new roof
  • new hvac

OVERVIEW

property is being sold through a virtual auction on the company website. List price does not reflect the final sale price. There is a 10% buyer's premium. Property being sold as is where is. Seller is considering pre-auction offers. Online, Noncontingent sale ends June 18th @ 2pm. COMMERCIAL PROPERTY AUCTION Prime Development Opportunity with Approved Building Plans PRE-APPROVED DEVELOPMENT OPPORTUNITY ATTENTION DEVELOPERS & INVESTORS! This versatile 1.12-acre commercial property offers COUNTY-APPROVED DEVELOPMENT POTENTIAL with two significant advantages: ? APPROVED FOR CLUSTER HOME DEVELOPMENT - Northumberland County has already approved this parcel for cluster home development, eliminating lengthy permitting delays ? PRE-APPROVED 30'x60' BUILDING CONSTRUCTION ON EXISTING SLAB - County has granted authorization to construct a 30'x60' building on the existing slab at the rear of the property This turnkey development opportunity features 1,422 sq. ft. of existing, long-time used commercial space with highway frontage on busy Northumberland Highway, plus the rare advantage of pre-approved construction plans. The property was formerly Eagle Construction Company, a Real Estate Office, an antique store, and a grocery store. DEVELOPMENT ADVANTAGES FAST-TRACK DEVELOPMENT with pre-approved cluster home zoning IMMEDIATE CONSTRUCTION POTENTIAL on existing 30'x60' slab High-visibility highway location, excellent traffic exposure with 9000 Cars passing by on an average day Commercial construction with durable materials built to last 1,422 sq. ft. main building with flexible interior layout with a new roof, new paint (inside and out), new siding, new flooring, new gutters, and a security code-accessed front door Central heat and air conditioning for year-round business operations Solid infrastructure with concrete block foundation and low-maintenance exterior Spacious 1.12-acre commercial lot with county-approved development potential Corner lot positioning maximizes visibility from multiple approaches MULTIPLE PROFIT CENTERS This property offers exceptional versatility with multiple potential revenue streams: Cluster Home Development - Build pre-approved residential units for sale or rental income Commercial Main Building - Utilize existing 1,422 sq. ft. structure for retail, office, or service business New 30'x60' Building - Construct a pre-approved building for additional commercial space or storage Existing Outbuildings - Formerly Eagle Construction, a Real Estate Office, an antique store and a grocery store STRATEGIC LOCATION FOR DEVELOPMENT Position your business or residential development in Northumberland County's growing market: High-traffic corridor connecting multiple Northern Neck communities Established commercial area with proven business viability Growing market with median home values of $260,000-$389,000 Strategic position between population centers of Callao (2.3 miles) and Heathsville (3.6 miles) Large customer base within 20-mile radius including Kilmarnock Diverse economy including maritime industries, manufacturing, agriculture, and tourism Year-round and seasonal customer opportunities in this waterfront region Business-friendly community with Economic Development Commission support Proximity to major employers, including Omega Protein, Manufacturing Techniques Inc, and Carry On Trailer Corporation DEVELOPMENT POSSIBILITIES This county-approved property offers numerous potential applications: Cluster home residential development Mixed-use commercial/residential complex Retail plaza with multiple tenant spaces Professional office complex Service business with expanded storage facilities Marine-related business with equipment storage Restaurant or café with an expanded dining area Contractor headquarters with equipment yard Medical/dental offices with satellite facilities Self Storage Units RARE DEVELOPMENT OPPORTUNITY Properties with pre-approved development plans and building permits rarely come to market in Northumberland County. This auction represents an exceptional opportunity to acquire a development-ready site with immediate construction potential at a fraction of typical acquisition and permitting costs.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2151 Northumberland Hwy. Lottsburg, Va 22511

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

residential

APN/PARCEL ID

20295001

ASK ABOUT THIS PROPERTY

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804-709-1954

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Tim DudleyDudley ResourcesMore Info
804-709-1954

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