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    1202 Anchorage Cir Vansant, VA 24656

    For Sale
    $2,590,000

    High-yield property with multiple tenants.

    Property size:
    75,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial investment property, situated at 1202 Anchorage Circle in Vansant, Virginia, presents a compelling opportunity for discerning investors. Boasting over 75,000 square feet of versatile space, ideal for retail, office, or warehouse uses, this property is currently generating income from multiple long-term tenants, promising a strong and stable return on investment. The property sits on a substantial 5.8-acre lot, providing ample space and significant road frontage exceeding 2,000 feet along State Highway 460. This prime location benefits from excellent visibility and accessibility, enhanced by a VDOT-maintained stoplight with dedicated turn lanes, ensuring convenient access for customers and employees. The property features over 350 parking spaces, accommodating a large volume of traffic. Individual utility meters for each unit offer efficient cost management and streamlined operations. Multiple access points from State Highway 460 further enhance the property's accessibility and operational flexibility. This property offers a highly attractive cap rate and represents a rare opportunity to acquire a substantial, income-producing commercial asset in a desirable location. The substantial size, multiple tenants, and prime location combine to create a truly exceptional investment prospect. The property is priced at $2,590,000.

    Property Features for 1202 Anchorage Cir

    General Information

    Property type
    Other commercial real estate
    Square Feet
    75,000 SF
    Lot Size
    252,648 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Clothing Store Accounting Firm Discount Store Laundry Service Italian Restaurant Toy Store Laundromat Kid Store Outlet Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vansant
    County
    Buchanan
    State
    Virginia
    Longitude
    -82.07155
    Latitude
    37.23867

    Nearby Comparable

    • $2,500,000
      81,440 SF

      Vansant Shopping Center Investment

      High-yield retail center, strong NOI.
      1202 Anchorage Cir, Vansant, VA 24656
      View Details
    • $249,900
      Pending

      Multi-Home Investment Opportunity in Grundy

      Four homes and a storefront on 1.43 acres in Grundy, VA.
      18775 Riverside Dr, Grundy, VA 24614
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    • $242,000
      100.00 Acres

      100 Acres of Mountainous Land

      Private 100-acre retreat near downtown Grundy, Virginia.
      Old Wolf Rd, Grundy, VA 24614
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    Nearby Similar for Sale

    • $2,500,000
      81,440 SF

      Vansant Shopping Center Investment

      High-yield retail center, strong NOI.
      1202 Anchorage Cir, Vansant, VA 24656
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-yield property with multiple tenants.
    Where is this commercial real estate located?
    The property is located at 1202 Anchorage Cir Vansant, VA.
    What is the asking price?
    The asking price for this property is $2,590,000.
    (276) 477-1500
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Anchorage Cir Vansant, VA 24656
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