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1025 Harris Dr - Greens Folly 7.98 Acres of Commercial Land Offered at $3,790,000 in South Boston, VA 24592
Executive Summary
Great Investment Opportunity! Greens Folly Apartments consists of 9 low-maintenance brick buildings with a total of 65 units. Addresses are 1005, 1006, 1015, 1016, 1025, & 1026 Harris Dr; 350 Powell Rd; 319 & 323 Valley Dr South Boston, Va. There are 27 one bedroom, 29 two bedroom, and 9 three bedroom apartments, situated on 7.98 acres. The location is just minutes from retail, medical care, schools, and dining making this a top choice for prospective tenants. This 45,402-sq-ft property presents a favorable density profile and potential for future value-add strategies. Don't miss out on this property, which offers immediate scale, a favorable unit mix, and significant land value, and is positioned to capitalize on major regional economic drivers such as Virginia International Raceway, South Boston Speedway, Caesars Virginia Casino, & Hitachi Energy that has an expansion planned, creating over 800 new jobs. Buyer/Buyer's agent to verify all information.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot 5
| Price | $3,790,000 | Lot Size | 7.98 AC |
| Price Per AC | $474,937.34 |
| Price | $3,790,000 |
| Price Per AC | $474,937.34 |
| Lot Size | 7.98 AC |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,544,481 | |
| Land Assessment | $385,955 | Total Assessment | $1,930,436 |
Property Taxes
Parcel Numbers
Land Assessment
$385,955
Improvements Assessment
$1,544,481
Total Assessment
$1,930,436
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1025 Harris Dr - Greens Folly
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