Listed By: Pam Strieffler Show Phone

Source: Cbre

Added: Mar 26 Changed: Oct 10 Last Checked: Oct 9 at 6:20PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pam Strieffler

Investment Insights

Based on property information with market context.

This former Food City location is available for a new tenant or owner/user. The property, with a 20+ year history as a successful retail site, is priced significantly below tax assessment and replacement cost. The site encompasses 4+/- acres and includes a 37,000+/- square foot building, presenting a future opportunity for an investor or owner/user. This real estate purchase opportunity is available at a significant discount compared to the replacement cost and is a prime candidate for a 1031 exchange or a buyer seeking to reduce taxable income through cost segregation.

Key Highlights

• Significantly below tax assessment and replacement cost.
• 37,000+\/- square foot building on 4+\/- acre site.
• 20+ year history as a successful retail site.

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Hair Salon Big Box & Wholesale Store Nail Salon Restaurant (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

139

Businesses Nearby

39k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 82% Shops & Services 9% Electronics 9%

Food City Groceries

19,947 visits/mo 0.3 miles

Food Lion Grocery Store Groceries

11,732 visits/mo 0.5 miles

Truist Shops & Services

3,646 visits/mo 0.3 miles

T-Mobile Electronics

2,027 visits/mo 0.5 miles

U.S. Cellular Electronics

1,351 visits/mo 0.5 miles

Demographics for 24301, VA

14,040

Population

6,554

Households

2.1

Avg Household Size

44

Median Age

18%

College-Educated

91%

High-School Grad

85.4 sq mi

ZIP Area

164

Density / Sq Mi

$58,790

Median Household Income

$41,572

Median Earnings

$781

Median Rent

$161,400

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Food City — 1201 E Main St, Pulaski, VA 24301
• Food City — 1400 Bob White Blvd, Pulaski, VA 24301

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - 37,000 SF retail building on 4 acres available for sale.

Where is this grocery and convenience store located?

The property is located at 1400 Bob White Boulevard Pulaski, VA.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: Significantly below tax assessment and replacement cost.; 37,000+\/- square foot building on 4+\/- acre site.; 20+ year history as a successful retail site.