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    498 Church St Mathews, VA 23109

    For Sale
    $750,000

    Prime Mathews location, versatile space, updated.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property, situated at 498 Church Street in the heart of Mathews Village, Virginia, presents a unique investment opportunity. Spanning a generous 1.5 acres, the building offers significant size and flexibility, making it suitable for a wide range of commercial ventures. The property underwent a substantial expansion in 2005, enhancing its overall functionality and space. Recent improvements include a brand-new HVAC system installed in the rear of the building in 2021, ensuring efficient and comfortable climate control. Its prime location directly on Church Street provides excellent visibility and accessibility, placing it within the bustling commercial center of Mathews Village. The property's size, combined with its recent updates and desirable location, makes it an attractive proposition for businesses seeking a well-maintained and versatile space in a thriving community. The asking price is $750,000. Serious inquiries are encouraged to explore the potential of this remarkable commercial property and its suitability for various business applications. The property is currently listed as "Other" in terms of property type, allowing for a wide range of potential uses. Further details are available upon request.

    Property Features for 498 Church St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1996
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Building Supply Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mathews
    County
    MATHEWS COUNTY
    State
    Virginia
    Longitude
    -76.32777
    Latitude
    37.43783

    Nearby Comparable

    • $425,000
      8,916 SF

      Main Street Storefront and Warehouse

      Prime commercial/industrial property with storefront, warehouse, and loading dock.
      40 Main St, Mathews, VA 23109
      View Details
    • $220,000
      1,715 SF

      Main Street Commercial Opportunity

      Remodeled commercial building with additional storage and separate building.
      26 Main St, Mathews, VA 23109
      View Details

    Nearby Similar for Sale

    • $425,000
      8,916 SF

      Main Street Storefront and Warehouse

      Prime commercial/industrial property with storefront, warehouse, and loading dock.
      40 Main St, Mathews, VA 23109
      View Details
    • $220,000
      1,715 SF

      Main Street Commercial Opportunity

      Remodeled commercial building with additional storage and separate building.
      26 Main St, Mathews, VA 23109
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Mathews location, versatile space, updated.
    Where is this commercial real estate located?
    The property is located at 498 Church St Mathews, VA.
    What is the asking price?
    The asking price for this property is $750,000.
    (757) 525-3639
    Request Owner's contact information
    498 Church St Mathews, VA 23109
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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
    498 Church St Mathews, VA 23109
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