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    10290 John Clayton Memorial Hwy Gloucester, VA 23061

    Sponsored
    For Sale
    $299,000

    Prime retail location, vacant, high visibility.

    Property size:
    1,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Gloucester, Virginia, presents a 1,068-square-foot vacant building situated on a high-traffic corner lot. The property, encompassing 2.33 acres (comprised of two parcels: 020-32A & 020-32B), offers significant visibility and accessibility from John Clayton Memorial Highway (10290). Built in 1920, the single-story structure, zoned B-1, presents a unique blend of historical charm and modern potential. The property features eleven paved off-street parking spaces and boasts a well-maintained septic system installed in 2002. Its adaptable nature makes it suitable for a variety of retail uses, including auto shops, convenience stores, and storefronts. The asking price is $299,000. This property's strategic location, ample space, and high traffic volume make it an ideal investment for owner-occupants, developers, or investors seeking a strong return. The property's history as a post office adds to its unique character and potential for adaptive reuse. This is a rare opportunity to acquire a prominent retail space in a thriving community.

    Property Features for 10290 John Clayton Memorial Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,068 SF
    Lot Size
    101,495 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic corner lot retail space in Gloucester, VA.
    • 1,068 SF vacant building with development potential.
    • 11 paved off‑street parking spaces.
    • 2.33‑acre lot comprised of two parcels.
    • Asking price: $299,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Auto Repair Shop Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.4551563
    Latitude
    37.4667537

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    FAQs

    What type of property is this?
    Individual retail property - Prime retail location, vacant, high visibility.
    Where is this individual retail property located?
    The property is located at 10290 John Clayton Memorial Hwy Gloucester, VA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: High-traffic corner lot retail space in Gloucester, VA.; 1,068 SF vacant building with development potential.; 11 paved off-street parking spaces.
    Request Owner's contact information
    10290 John Clayton Memorial Hwy Gloucester, VA 23061
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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
    10290 John Clayton Memorial Hwy Gloucester, VA 23061
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