Anchored Food Retail
For Sale
$7,200,000
1005 South Craig Avenue, Covington, VA 24426
Shopping center anchored by an established Food Lion location in Virginia.
Property Size112,469 SF
Price / SF$64.02
Days on Market163
Property Features for 1005 South Craig Avenue
General Information
Standard status
Active
Size
112,469 SF
Property subtype
Commercial
Occupancy
64%
Lease Term
± 3 YRS
Net Operating Income
$525,378
Building Details
Building Size
112,469 SF
Year Built
1986
Units
10
Listing Agency:
Matthews
Listed By:
Ed Laycox · License #BR98373888 (DC)
(240) 752-0035
Source:
Matthews
Added: Mar 28
Changed: Sep 3
Last Checked: Sep 5 at 3:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This retail shopping center totals 112,469 SF and is anchored by an established Food Lion location. The offering is designated for sale.
Located at 1005 S Craig Ave in Covington, Virginia, the property benefits from an on-site anchor tenant presence associated with the Food Lion name.
The center’s tenant and unit configuration details are not provided in the available information.
Located at 1005 S Craig Ave in Covington, Virginia, the property benefits from an on-site anchor tenant presence associated with the Food Lion name.
The center’s tenant and unit configuration details are not provided in the available information.
Key Highlights
- Shopping center retail property with 112,469 SF
- Anchored by an established Food Lion location
- Built in 1986
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 30%
Groceries 16%
Apparel 4%
Food Lion Grocery Store
Groceries
15,277 visits/mo
0.1 miles
Hardee's
Dining
12,047 visits/mo
0.2 miles
Wendy's
Dining
7,298 visits/mo
0.2 miles
KFC
Dining
6,854 visits/mo
0.2 miles
Exxon
Shops & Services
6,263 visits/mo
0.3 miles
Demographics for 24426, VA
13,695
Population
7,249
Households
1.9
Avg Household Size
47
Median Age
13%
College-Educated
91%
High-School Grad
363.7 sq mi
ZIP Area
38
Density / Sq Mi
$51,841
Median Household Income
$34,937
Median Earnings
$808
Median Rent
$113,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Food Lion, 920 S Craig Ave, Covington, VA 24426
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center anchored by an established Food Lion location in Virginia.
Where is this shopping center located?
The property is located at 1005 South Craig Avenue Covington, VA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Shopping center retail property with 112,469 SF; Anchored by an established Food Lion location; Built in 1986
