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Retail Space in High-Traffic Center
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198 Commonwealth Dr, Wytheville, VA 24382

End unit retail space in Starbucks-anchored center with high foot traffic.

Space Size1,506 SF
Property Size8,000 SF
Days on Market703

Property Features for 198 Commonwealth Dr

General Information

Standard status Active
Size 1,506 SF
Class B
Property subtype Retail
Lease Type NNN

Building Details

Building Size 8,000 SF
Tenancy Multiple

Spaces For Lease

at 198 Commonwealth Dr Contact us

Available Space 1

Size
1,506 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Harris Commercial Realty Radford
Listed By: Ben Harris CCIM · License #Virginia 0225186839
Source: Crexi
Added: Sep 19, 2024 Changed: Aug 13 Last Checked: Aug 21 at 10:03PM

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 Harris Commercial Realty Radford

Investment Insights

Based on property information with market context.

This retail space is located in a center anchored by Starbucks. The end unit benefits from high foot traffic generated by existing tenants, including Starbucks, Verizon, Tobacco Plus, and Jersey Mike's. The property is located at 198 Commonwealth Dr, Wytheville, VA 24382.

Key Highlights

  • Starbucks Anchored Center: Benefit from the high draw and consistent traffic.
  • End Unit: Enjoy increased visibility and accessibility.
  • High Foot Traffic: Capitalize on the consistent flow of potential customers.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Parking Lot & Garage Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom

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

NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 24382, VA

14,109
Population
7,682
Households
1.8
Avg Household Size
46
Median Age
23%
College-Educated
88%
High-School Grad
189.9 sq mi
ZIP Area
74
Density / Sq Mi
$52,234
Median Household Income
$38,208
Median Earnings
$706
Median Rent
$167,300
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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - End unit retail space in Starbucks-anchored center with high foot traffic.
Where is this retail space located?
The property is located at 198 Commonwealth Dr Wytheville, VA.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Starbucks Anchored Center: Benefit from the high draw and consistent traffic.; End Unit: Enjoy increased visibility and accessibility.; High Foot Traffic: Capitalize on the consistent flow of potential customers.
More about this property
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