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    Washington Hwy Ashland, VA 23005

    For Lease
    Contact for pricing

    Retail development opportunity near Virginia Center Commons, pre-leasing now.

    Lot size:
    1.34 Acres

    Property Features for Washington Hwy

    General Information

    Lot size
    1.34 Acres

    Source: Cushman & Wakefield | Thalhimer - Corporate Agent Alex Wotring

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

    Overview

    16 Acre Retail Development Opportunity

    This is a retail development opportunity with anchor and junior anchor potential, situated near Virginia Center Commons. The site encompasses approximately 16 acres and is currently in the pre-leasing phase. Located on Route 1, the property benefits from a traffic volume of 21,000 vehicles per day. It features a signalized corner and multiple access points, offering convenient connectivity. Additionally, the site provides easy access to I-95.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ashland
    County
    Hanover
    State
    Virginia
    Longitude
    -77.472319
    Latitude
    37.759345

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    FAQs

    What type of property is this?
    Land - Retail development opportunity near Virginia Center Commons, pre-leasing now.
    Where is this land located?
    The property is located at Washington Hwy Ashland, VA.
    What are key features of this property?
    This property features: - ± 16 acre retail development with anchor and jr anchor opportunities; - Pre-leasing now; - Easy I-95 access
    (804) 840-4183
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    Washington Hwy Ashland, VA 23005
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    Ashland, VA 23005
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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
    Washington Hwy Ashland, VA 23005
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