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Retail Strip Center with Vacancies
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2000 2nd Street, Richlands, VA 24641

Richlands Towne Center is a 37,800 SF retail strip center with two current vacancies.

Property Size37,800 SF
Price / SF$59.52
Days on Market92

Property Features for 2000 2nd Street

General Information

Standard status Active
Size 37,800 SF
Property subtype Retail
Occupancy 60%
Lease Type NNN
Investment Type Value Add
Net Operating Income $201,107

Building Details

Year Built 1980
Tenancy Multi
Listing Agency: Sands Investment Group - FTL
Listed By: Grant Mogerman · License #SL 3557734
Source: Crexi
Added: Jun 8 Changed: Sep 5 Last Checked: Sep 7 at 5:15AM

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 Sands Investment Group - FTL

Investment Insights

Based on property information with market context.

Richlands Towne Center is a retail strip center totaling 37,800 SF, offered for sale by Sands Investment Group. The property includes two current vacancies, creating leasing-focused value-add opportunity. Remaining space is intended to be stabilized as part of an investor’s strategy.

The center is located at 2000–2010 2nd Street in Richlands, VA.

Key Highlights

  • 37,800 SF Richlands Towne Center retail strip center in Richlands, VA
  • Located at 2000–2010 2nd Street, Richlands, VA
  • Two current vacancies create available space for lease‑up

Property Analytics

Current Use

Advance Auto Parts Auto Parts Store UPS Access Point ... Courier Service

Suggested Use

Top Pick Real Estate Agency HVAC Service Big Box & Wholesale Store Building Supply Garden Center Parking Lot & Garage

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

413
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 48% Shops & Services 17% Superstores 15% Groceries 14%
Big Lots Superstores
13,066 visits/mo 0.3 miles
Wendy's Dining
12,203 visits/mo 0.4 miles
Food Lion Grocery Store Groceries
12,111 visits/mo 0.3 miles
Burger King Dining
10,784 visits/mo 0.5 miles
Hardee's Dining
7,165 visits/mo 0.1 miles

Demographics for 24641, VA

5,377
Population
2,830
Households
1.9
Avg Household Size
43
Median Age
14%
College-Educated
85%
High-School Grad
19.4 sq mi
ZIP Area
277
Density / Sq Mi
$37,044
Median Household Income
$40,087
Median Earnings
$823
Median Rent
$103,900
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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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM Food Lion, 124 Kents Ridge Rd, Richlands, VA 24641

Frequently Asked Questions

What type of property is this?
Shopping center - Richlands Towne Center is a 37,800 SF retail strip center with two current vacancies.
Where is this shopping center located?
The property is located at 2000 2nd Street Richlands, VA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 37,800 SF Richlands Towne Center retail strip center in Richlands, VA; Located at 2000–2010 2nd Street, Richlands, VA; Two current vacancies create available space for lease‑up
More about this property
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