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    930 E Morgan Ave Pennington Gap, VA 24277

    For Lease
    $5 SF/Yr ($4,094 /Mo)

    Retail space in Riverbend Shopping Center, adjacent to Food City.

    Property size:
    8,712 SF
    Lot size:
    20.61 Acres

    Property Features for 930 E Morgan Ave

    General Information

    Size
    8,712 SF
    Lot size
    20.61 Acres

    Source: Lee & Associates Agent Jeffrey M Robb

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Riverbend Shopping Center Retail Space

    Located in the Riverbend Shopping Center, Suite 3 offers a retail space of 8,400 square feet, measuring 64 feet wide by 135 feet deep. The suite is situated adjacent to Food City, the anchor of the shopping center. The location is surrounded by restaurants and other retail spaces, providing convenient access to a variety of businesses for consumers. NNN lease.
    Location Intelligence

    Current Use by Public Records

    Hong Kong Chinese Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pennington Gap
    County
    Lee
    State
    Virginia
    Longitude
    -83.038148
    Latitude
    36.75322

    Nearby Similar for Lease

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    • $350,000
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    FAQs

    What type of property is this?
    Shopping center - Retail space in Riverbend Shopping Center, adjacent to Food City.
    Where is this shopping center located?
    The property is located at 930 E Morgan Ave Pennington Gap, VA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Adjacent to Food City (anchor store); - Large retail space with **8,400 sq ft**; - High-traffic location within Riverbend Shopping Center
    (540) 437-3728
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    Pennington Gap, VA 24277
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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
    930 E Morgan Ave Pennington Gap, VA 24277
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