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    2620 Anderson Hwy Powhatan, VA 23139

    For Sale
    $795,000

    3.66 Acres, High Visibility, Approved Site Plan

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 3.66-acre commercially zoned parcel in Powhatan County, Virginia, presents a unique investment opportunity. Located on Route 60, it boasts exceptional visibility and accessibility, with thousands of vehicles passing daily. The property is zoned CC, allowing for a variety of commercial uses, including retail, office, and restaurants. A county-approved site plan exists for a 16,400 square foot building with 90 parking spaces. Public utilities are readily available, simplifying development. The largely level lot is partially cleared, offering flexibility in design. Its strategic location in a high-growth area, near major intersections (Routes 522 and 288), provides easy access to Richmond and surrounding areas. Neighboring businesses include Tractor Supply, McDonald's, Sheetz, and Walmart, indicating a strong retail presence. The asking price is $795,000, and the APN is 041-12C. This property is ideal for developers and investors seeking high-traffic exposure and significant development potential in a thriving community. The address is 2620 Anderson Hwy, Powhatan, VA 23139.

    Property Features for 2620 Anderson Hwy

    General Information

    Property type
    Land
    Lot Size
    159,430 SF

    HighLights

    • Approved site plan for a 16,400 SF building with 90 parking spaces.
    • High‑visibility location on Route 60.
    • 3.66‑acre commercially zoned parcel (CC zoning).
    • Prime location in a high‑growth area near major intersections (Routes 522 & 288), offering easy access to Richmond.
    • Strong retail presence with neighboring national brands including Tractor Supply, McDonald's, Sheetz, and Walmart.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Auto Repair Shop Dental Office Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Powhatan
    County
    Powhatan
    State
    Virginia
    Longitude
    -77.8252994
    Latitude
    37.5243043

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    FAQs

    What type of property is this?
    Land - 3.66 Acres, High Visibility, Approved Site Plan
    Where is this land located?
    The property is located at 2620 Anderson Hwy Powhatan, VA.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Approved site plan for a 16,400 SF building with 90 parking spaces.; High-visibility location on Route 60.; 3.66-acre commercially zoned parcel (CC zoning).
    Request Owner's contact information
    2620 Anderson Hwy Powhatan, VA 23139
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    Powhatan, VA 23139
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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
    2620 Anderson Hwy Powhatan, VA 23139
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