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    2810 George Washington Memorial Hwy Hayes, VA 23072

    For Sale
    $445,000

    High-traffic retail space, versatile building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 2810 George Washington Memorial Highway in Hayes, Virginia, presents a unique investment opportunity. Situated on a 0.53-acre lot with excellent visibility on Route 17, this property enjoys an annual average daily traffic count of approximately 33,000 vehicles. Currently configured as a motorcycle retail and service business, the zoning (B-1) allows for a wide range of commercial uses. The building underwent extensive renovations in 2008, including a new roof with architectural shingles, an ADA-compliant bathroom, updated electrical systems, and a new central heating and air conditioning system. Ample parking is available, with over 24 paved spaces and additional unpaved areas. The main building features a covered front patio, a large retail space with double doors suitable for larger inventory, slat board walls, ceiling fans, a long customer counter, a private office, and a storage room. An adjacent office space offers potential for expansion or a separate business. The second floor provides substantial storage or the possibility for future expansion. A significant advantage is the attached heated and cooled two-bay garage, equipped with 8' and 10' doors, and an attached carport. The asking price is $445,000. The existing business is also available for separate purchase.

    Property Features for 2810 George Washington Memorial Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hayes
    County
    GLOUCESTER COUNTY
    State
    Virginia
    Longitude
    -76.50745
    Latitude
    37.28507

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space, versatile building
    Where is this commercial real estate located?
    The property is located at 2810 George Washington Memorial Hwy Hayes, VA.
    What is the asking price?
    The asking price for this property is $445,000.
    (804) 693-3032
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    2810 George Washington Memorial Hwy Hayes, VA 23072
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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
    2810 George Washington Memorial Hwy Hayes, VA 23072
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