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    424 Main St Kilmarnock, VA 22482

    Sponsored
    For Lease
    Contact for pricing

    Prime Kilmarnock Retail Space Available

    Lot size:
    60,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lancaster Square, located at 424 N Main St, Kilmarnock, VA 22482, offers exceptional retail opportunities in the heart of the Northern Neck's commercial hub. This 60,050 square foot shopping center boasts a multiple-tenancy configuration with four spaces currently available, ranging from 1,200 to 8,450 square feet. The property benefits from a strong local economy driven by retail, hospitality, education, and healthcare sectors. Its strategic location places it within close proximity to major national retailers including Walmart Supercenter, Tractor Supply, and a high-performing True Value Hardware store directly across the street, ranking in the top 25% nationally and 9th in Virginia. This established center is anchored by a Food Lion grocery store, providing significant foot traffic and drawing power for all tenants. Kilmarnock, known as the "Broadway of the Northern Neck," offers a vibrant mix of local boutiques and larger retail establishments, creating a diverse and thriving commercial environment. The property's prime location and established tenant base present a compelling investment opportunity for businesses seeking to establish or expand their presence in this dynamic market. The available spaces offer flexibility for a variety of retail concepts, making Lancaster Square an ideal location for businesses seeking high visibility and strong consumer traffic. This is a rare opportunity to secure retail space in a thriving, well-established center.

    Property Features for 424 Main St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,050 SF

    Unit(s) available at that property

    Space
    Unit 1
    Size
    0 SF
    Space
    Unit 3
    Size
    0 SF
    Space
    Unit 9
    Size
    0 SF
    Space
    Unit 11
    Size
    0 SF

    HighLights

    • Exceptional retail opportunity in Kilmarnock, VA's commercial hub.
    • 60,050 square foot shopping center with four available spaces (1,200 - 8,450 SF).
    • Strong local economy driven by retail, hospitality, education, and healthcare.
    • High‑traffic location near Walmart, Tractor Supply, and a top‑performing True Value Hardware.
    • Anchored by a Food Lion grocery store, ensuring significant foot traffic.
    • Prime location in Kilmarnock's thriving commercial district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Food Lion Grocery Store Coinstar Kiosk | Bitcoin ... Atm Western Union Money Transfer Service Primo Water Exchange Bottled Water Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kilmarnock
    County
    Lancaster
    State
    Virginia
    Longitude
    -76.3833078
    Latitude
    37.7211589

    Nearby Comparable

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    Nearby Similar for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Kilmarnock Hub

      Retail space available in Kilmarnock's commercial hub anchored by Food Lion.
      394-424 N Main St, Kilmarnock, VA 22482
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Near Main Street

      Retail spaces available in high-traffic Kilmarnock location.
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      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Kilmarnock Retail Space Available
    Where is this retail property located?
    The property is located at 424 Main St Kilmarnock, VA.
    What are key features of this property?
    This property features: Exceptional retail opportunity in Kilmarnock, VA's commercial hub.; 60,050 square foot shopping center with four available spaces (1,200 - 8,450 SF).; Strong local economy driven by retail, hospitality, education, and healthcare.
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    Kilmarnock, VA 22482
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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
    424 Main St Kilmarnock, VA 22482
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