Retail Center on Kings
17272 Kings Hwy Montross, VA 22520
17272 Kings Hwy, Montross, VA, 22520
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For Sale
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Well-maintained retail center with value-add potential in Montross, VA.
Property Size11,000 SF
Price / SF$104.55
Days on Market60
Property Features for 17272 Kings Hwy
General Information
- Standard status
- Active
- Size
- 11,000 SF
- Property subtype
- RETAIL
Listing Agency
CBC Brooks Real Estate
(804) 366-2754
Listed by
David Burks
Source
Moodyscre
Added: May 20 Checked: Jul 17 at 4:00 am
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 CBC Brooks Real Estate
Investment Insights
Based on property information with market context.
This well-maintained retail center, located directly on Kings Highway in Montross, Virginia, presents a strong value-add investment opportunity. The property is currently 100% leased, with average rents of $8.88 per square foot, which is significantly below the market rate of $13 per square foot. This allows for immediate upside potential through rent adjustments as leases renew. An additional 3,500 square foot building in the rear is leased to a long-term machine shop tenant, providing further income stability. The property is situated within the historic Northern Neck and the county seat of Westmoreland County. The total property size is 11,000 square feet. This property combines steady current cash flow with substantial growth potential, making it an ideal acquisition for investors seeking both security and future appreciation.
Key Highlights
- 100% leased retail center providing immediate cash flow.
- Significant upside potential through rent adjustments (current rents significantly below market rate at $8.88/SF vs. $13/SF).
- Located directly on Kings Highway in Montross, VA, in the historic Northern Neck and county seat of Westmoreland County.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Little Munchkins Learning ...
Daycare Center
Headlines Beauty Salon
Hair Salon
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FAQs
What type of property is this?
Shopping center - Well-maintained retail center with value-add potential in Montross, VA.
Where is this shopping center located?
The property is located at 17272 Kings Hwy Montross, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 100% leased retail center providing immediate cash flow.; Significant upside potential through rent adjustments (current rents significantly below market rate at $8.88/SF vs. $13/SF).; Located directly on Kings Highway in Montross, VA, in the historic Northern Neck and county seat of Westmoreland County.
