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    2620 Anderson Hwy Powhatan, VA 23139

    For Sale
    $749,000

    High-traffic Route 60 commercial lot. Excellent development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3.66-acre commercially zoned parcel presents a rare investment opportunity on the heavily trafficked Route 60 corridor in Powhatan County, Virginia. Boasting high visibility and accessibility, this prime location offers thousands of daily vehicle pass-bys, ensuring significant exposure for any commercial venture. Its central Powhatan County position provides easy access to thriving residential areas, established businesses, and nearby cities like Richmond, Chesterfield, and Goochland. The flexible commercial zoning allows for diverse development options, including retail, office spaces, service businesses, restaurants, or mixed-use projects. Powhatan County's robust economic growth and population increase create a strong market for new businesses, making this a particularly attractive investment. The property's convenient access to Route 60, Route 522, and Route 288 ensures seamless connectivity to a wider regional market. Public utilities, including water and sewer, are readily available, streamlining the development process and minimizing initial costs. The largely level and partially cleared 3.66-acre lot offers considerable flexibility in site design, accommodating various building layouts and ample parking. This is an unparalleled chance to capitalize on Powhatan County's flourishing commercial landscape.

    Property Features for 2620 Anderson Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    159,430 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.82532
    Latitude
    37.52433

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Route 60 commercial lot. Excellent development potential.
    Where is this commercial real estate located?
    The property is located at 2620 Anderson Hwy Powhatan, VA.
    What is the asking price?
    The asking price for this property is $749,000.
    (804) 266-8831
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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
    2620 Anderson Hwy Powhatan, VA 23139
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