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    2706 Virginia Ave Collinsville, VA 24078

    For Lease
    Contact for pricing

    87,370 SF Retail/Office Opportunity in VA

    Lot size:
    87,370 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 87,370-square-foot single-tenant retail and office property, located at 2706 Virginia Ave, Collinsville, VA 24078, presents a compelling investment opportunity. Situated on an 8-acre lot in Southern Virginia's thriving Collinsville submarket, this one-story, 1962-built center underwent a complete façade renovation in 2022. Currently, 42,825 square feet are available, offering significant potential for expansion or redevelopment. The property boasts a prime location on Virginia Avenue (US 220 Business), at a traffic-controlled intersection ensuring high visibility. Ample parking is provided with 381 spaces. The center benefits from strong anchor tenants including Schewel Home Furnishings, Dollar Tree, and Truist Bank, contributing to a diverse tenant mix. Utilities are serviced by Appalachian Power. The property is zoned B1 and features the APN 038930002. This is a rare opportunity to acquire a well-located, renovated retail and office center with significant upside potential in a growing market. No elevators are present.

    Property Features for 2706 Virginia Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,370 SF

    Building Details

    Year Built/Renovated
    1962/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    42,825 SF

    HighLights

    • 87,370 SF single‑tenant retail/office property on 8 acres in Collinsville, VA.
    • Ample parking (381 spaces).
    • 550 feet of road frontage on Virginia Ave (US 220 Business) at a signalized intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schewels Home Furniture Store

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Henry
    State
    Virginia
    Longitude
    -79.910872178421
    Latitude
    36.717239173604

    Nearby Comparable

    • $8 SF/Yr
      70,000 SF

      Dutch Inn Plaza: Collinsville Office Space

      Prime Collinsville Office & Retail, 3 Spaces Available
      2420 Virginia Ave, Collinsville, VA 24078
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      12,600 SF

      Collinsville Retail/Warehouse Opportunity

      12,600 SF Flex Space, 0.9 Acres
      3200 Virginia Ave, Collinsville, VA 24078
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      487,872 SF

      Collinsville Redevelopment Opportunity

      8.86 Acres, High-Traffic Location
      3200 Virginia Ave, Collinsville, VA 24078
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      4,480 SF

      Collinsville, VA Office/Retail Space

      4,480 SF Single-Tenant Building, High Visibility
      3344 Virginia Ave, Collinsville, VA 24078
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      50,000 SF

      Collinsville, VA Call Center

      50,000 SF Plug & Play Office Space
      2000 Virginia Ave, Collinsville, VA 24078
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      71,860 SF

      Southern Virginia Industrial Portfolio

      Multi-tenant warehouse, flex space available
      900 V C Dr, Martinsville, VA 24112
      View Details

    Nearby Similar for Lease

    • Contact for pricing
      4,480 SF

      Collinsville, VA Office/Retail Space

      4,480 SF Single-Tenant Building, High Visibility
      3344 Virginia Ave, Collinsville, VA 24078
      View Details
    • Contact for pricing
      12,600 SF

      Collinsville Retail/Warehouse Opportunity

      12,600 SF Flex Space, 0.9 Acres
      3200 Virginia Ave, Collinsville, VA 24078
      View Details
    • $8 SF/Yr
      70,000 SF

      Dutch Inn Plaza: Collinsville Office Space

      Prime Collinsville Office & Retail, 3 Spaces Available
      2420 Virginia Ave, Collinsville, VA 24078
      View Details
    • Contact for pricing
      50,000 SF

      Collinsville, VA Call Center

      50,000 SF Plug & Play Office Space
      2000 Virginia Ave, Collinsville, VA 24078
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - 87,370 SF Retail/Office Opportunity in VA
    Where is this lifestyle center located?
    The property is located at 2706 Virginia Ave Collinsville, VA.
    What are key features of this property?
    This property features: 87,370 SF single-tenant retail/office property on 8 acres in Collinsville, VA.; Ample parking (381 spaces).; 550 feet of road frontage on Virginia Ave (US 220 Business) at a signalized intersection.
    Request Owner's contact information
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    Collinsville, VA 24078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2706 Virginia Ave Collinsville, VA 24078
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