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    1922 Anderson Hwy Powhatan, VA 23139

    For Sale
    $2,175,000

    Prime 2.47-acre commercial lot, high traffic.

    Property size:
    3,312 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3,312 square foot commercial property, situated on a 2.47-acre lot in Powhatan, Virginia, presents a unique investment opportunity. Located on Anderson Highway (US-60), this outparcel enjoys a highly visible position with an impressive average daily traffic count of 29,000 vehicles. Currently operating as County Line Tire, the property is zoned Commerce Center (CC), allowing for a diverse range of commercial uses including retail, service, office, and institutional developments. The convenient right-in, right-out access ensures ease of entry and exit for customers and employees. This prime location within Powhatan's thriving growth corridor offers significant potential for future redevelopment and expansion. The property's size and zoning flexibility make it suitable for a variety of commercial ventures, from a single-tenant building to a multi-tenant development. Investors seeking a high-traffic location with excellent visibility in a rapidly growing area will find this property particularly attractive. The asking price is $2,175,000. This is a rare opportunity to acquire a significant commercial asset in a desirable Virginia market.

    Property Features for 1922 Anderson Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,312 SF
    Lot Size
    107,593 SF

    Building Details

    Year Built
    1989
    Property Profile Location Intelligence

    Current Use by Public Records

    County Line Tire Tire Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.77475
    Latitude
    37.51218

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 2.47-acre commercial lot, high traffic.
    Where is this commercial real estate located?
    The property is located at 1922 Anderson Hwy Powhatan, VA.
    What is the asking price?
    The asking price for this property is $2,175,000.
    (855) 450-0442
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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
    1922 Anderson Hwy Powhatan, VA 23139
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