Listing Agency: Coldwell Banker Commercial Brooks Real Estate

Listed By: David Burks · License #VA

Source: Crexi

Added: May 28 Changed: Jul 10 Last Checked: Aug 4 at 2:47PM

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Investment Insights

Based on property information with market context.

This property is a 3-acre commercial/light industrial development parcel offered by the owner on a ground lease basis. The site is being marketed for build-to-suit opportunities or for tenants to develop and construct their own facility, making it well suited to users that need control over the final layout and improvements. The listing also outlines a wide range of potential use categories that may fit within a commercial/light industrial framework.

The parcel is located along Governor G. C. Perry Highway in Claypool Hill, Virginia. It is positioned directly across from the entrance to Walmart and is described as benefiting from high visibility and easy access to and from a prominent retail corridor. The property is also noted as being in close proximity to a mix of national retailers and service-oriented businesses within roughly a half-mile radius.

For tenants, developers, and operators, the combination of ground lease flexibility and a highway-exposed, retail-adjacent location supports a variety of development concepts. The provided potential uses include retail center or strip center formats, office, healthcare or medical office, hospitality, light industrial, auto repair, car wash, convenience and drug store uses, and other commercial categories such as self-storage, supermarket, and mixed-use development.

Key Highlights

• 3‑acre commercial/light industrial ground lease site along Governor G. C. Perry Highway in Claypool Hill, VA
• Directly across from the entrance to Walmart for high visibility and easy access
• Owner offers ground lease with build‑to‑suit opportunities for tenants to construct their own facility

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

118

Businesses Nearby

Explore this area Business Placement

Demographics for 24637, VA

3,302

Population

1,532

Households

2.2

Avg Household Size

45

Median Age

28%

College-Educated

91%

High-School Grad

32.0 sq mi

ZIP Area

103

Density / Sq Mi

$53,900

Median Household Income

$42,561

Median Earnings

$759

Median Rent

$159,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 3-acre ground lease site for build-to-suit development with prominent exposure along a major highway corridor.

Where is this commercial land located?

The property is located at 13381 Governor GC Peery Highway Pounding Mill, VA.

What are key features of this property?

This property features: 3‑acre commercial/light industrial ground lease site along Governor G. C. Perry Highway in Claypool Hill, VA; Directly across from the entrance to Walmart for high visibility and easy access; Owner offers ground lease with build‑to‑suit opportunities for tenants to construct their own facility