101 Crofton Plz Palmyra, VA

Listing office R.E. III Commercial Properties Show Phone

Listing date Aug 14, 2025

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Investment Insights

Based on property information with market context.

Crofton Plaza, adjacent to the main entrance of Lake Monticello, features over 55,000 square feet of retail and office space available for lease. Developed starting in 1993 by a local family, the plaza has maintained low vacancy rates over the past 10 years and is currently locally owned and managed. The property encompasses more than 17 acres, including 4 acres designated for future development. Crofton Plaza is the current home for Ace Hardware.

Key Highlights

• Established retail/office space with a history of low vacancy rates over the past 10 years.
• Prime location next to the main entrance of Lake Monticello.
• Substantial size: over 55,000 sq ft of retail/office space.

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FAQs

What type of property is this?

Shopping center - Retail/office space with future development opportunity near Lake Monticello.

Where is this shopping center located?

The property is located at 101 Crofton Plz Palmyra, VA.

What is the asking price?

The asking price for this property is $8,900,000.

What are key features of this property?

This property features: Established retail/office space with a history of low vacancy rates over the past 10 years.; Prime location next to the main entrance of Lake Monticello.; Substantial size: over 55,000 sq ft of retail/office space.