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    507 Main St Kilmarnock, VA 22482

    For Sale
    $325,000

    Prime Retail Building, Updated, Great Location

    Property size:
    624 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This 624-square-foot retail building is located at 507 North Main Street in Kilmarnock, Virginia. Situated on a 0.2-acre lot, this property boasts a highly desirable location with excellent traffic flow. The building has recently undergone significant improvements, including a new roof and HVAC system, ensuring efficient and comfortable operation. The property's previous use was as a seafood retail business, and all existing equipment is included in the sale, presenting a turnkey opportunity for a new owner. The asking price for this well-maintained commercial space is $325,000. This presents a rare chance to acquire a move-in ready retail space in a prime Kilmarnock location. The updated systems and included equipment minimize upfront capital expenditures, allowing a new business to focus on operations and growth. The strong location and recent improvements make this property an attractive investment for a variety of retail ventures. The 0.2-acre lot offers potential for expansion or outdoor display, depending on future business needs. Serious inquiries are encouraged to explore this exceptional opportunity. This property is offered as-is.

    Property Features for 507 Main St

    General Information

    Property type
    Retail properties
    Square Feet
    624 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1950
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilmarnock
    County
    LANCASTER
    State
    Virginia
    Longitude
    -76.38825
    Latitude
    37.7218

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Building, Updated, Great Location
    Where is this retail property located?
    The property is located at 507 Main St Kilmarnock, VA.
    What is the asking price?
    The asking price for this property is $325,000.
    (804) 436-1150
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    507 Main St Kilmarnock, VA 22482
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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
    507 Main St Kilmarnock, VA 22482
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