306 N Main St
Farmville, VA 23901
Poplar Hall · Retail Property For Sale

PRICE DROP!! INVESTOR ALERT!! FANTASTIC business/investment opportunity right in the heart of thriving downtown Farmville, VA, home of Longwood University and Hampden-Sydney College. Very close to the High Bridge Trail and downtown Plaza, the property consists of two adjoining buildings totaling 15,392 s.f. on two lots totaling 0.1980 ac. The original historic two-story brick building, built in the 1840s, fronts on Main Street and houses two currently leased businesses – one restaurant and one retail shop. The upper level of this building contains a 3,000+ s.f. apartment with 4 bedrooms, 3 full baths, and open concept living room/kitchen. This apartment is used by the owner as well as a HomeAway rental. The rear adjoining building, built in 1989, consists of three levels. The third level houses a currently leased, spacious apartment with 2 bedrooms and 2 baths. With B-1 (mixed use) zoning, there are endless possibilities for developing the huge amount of vacant space in this building, such as professional offices, retail shops, and more apartments. Several more apartments can be built in the two upper levels, while the ground level could be used for retail shops, offices, etc. Upgrades in the past 5-6 years include new metal roof on the front building; asphalt roof on rear of building; upgrading plumbing waste, vents, and water in entire building; electrical in entire building; new siding on rear building; new decks and stairs at side entrance; new windows in front apartment of brick building; and new windows in rear building. Priced significantly below the 2017 appraisal of $985,000, visiting this property is a must to appreciate the potential! Downtown Farmville is growing and an opportunity like this is scarce. POSSIBLE OWNER FINANCING available to qualified buyer with 25% downpayment. Call now for an appointment, and bring your vision and plans!