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    1747-1811 George Washington Memorial Hwy Gloucester Point, VA 23062

    Sponsored
    For Lease
    $10 SF/Yr

    Gloucester County Retail Space Available

    Lot size:
    37,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    The Point Shoppes, a 37,000 square foot Class C retail center in Gloucester County's Peninsula submarket, offers exceptional opportunities for businesses seeking high-visibility locations. Currently undergoing extensive renovations under new ownership, this single-story building boasts significant recent improvements, including a new roof and pump station, updated façade, replaced HVAC systems, and a freshly sealed and restriped parking lot. With ample parking and prime visibility from the heavily trafficked George Washington Memorial Highway (US 17), this center provides excellent exposure. Multiple suites are available, ranging from 1,315 to 6,754 contiguous square feet, with a total of 17,500 square feet currently vacant. The property features a strong existing tenant mix, including established businesses such as Taylor's Do-It Center, West Marine, and Eggheads, creating a vibrant and diverse retail environment. The center's location on US 17, near the cross street of Farmwood, ensures easy access and high traffic volume. This is an ideal opportunity to establish or expand your business in a thriving retail hub undergoing significant revitalization. The minimum divisible space is 1,315 square feet, making it suitable for a variety of businesses. The property is comprised of 21 total suites. Renovations completed in 2020 further enhance the property's appeal and functionality.

    Property Features for 1747-1811 George Washington Memorial Hwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,000 SF
    Class
    C
    Total Rate
    32375

    Building Details

    Year Renovated
    2020
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1747
    Size
    1,420 SF
    Rate per SF
    $10
    Space
    1777
    Size
    1,415 SF
    Rate per SF
    $10
    Space
    1787
    Size
    1,380 SF
    Rate per SF
    $10

    HighLights

    • Retail center undergoing extensive renovations under new ownership.
    • Recent improvements include a new roof, pump station, façade upgrades, HVAC replacement, and parking lot resealing/restriping.
    • High visibility from George Washington Memorial Highway (US 17) with ample parking.
    • Strong tenant mix including Taylor's Do‑It Center, West Marine, and Eggheads.
    • Three available spaces ranging from 1,315 to 6,754 square feet in a 37,000 square foot, Class C building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloucester Point
    County
    Gloucester
    State
    Virginia
    Longitude
    -76.4938781
    Latitude
    37.2591386

    Nearby Comparable

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      Retail spaces available in York County on George Washington Highway.
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    Nearby Similar for Lease

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    • $12 SF/Yr
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      Retail Space in Gloucester Point

      Retail space available for lease in Gloucester Point, VA.
      2268-2354 York Xing Dr, Gloucester Point, VA
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Gloucester County Retail Space Available
    Where is this individual retail property located?
    The property is located at 1747-1811 George Washington Memorial Hwy Gloucester Point, VA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Retail center undergoing extensive renovations under new ownership.; Recent improvements include a new roof, pump station, façade upgrades, HVAC replacement, and parking lot resealing/restriping.; High visibility from George Washington Memorial Highway (US 17) with ample parking.
    Request Owner's contact information
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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

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    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
    1747-1811 George Washington Memorial Hwy Gloucester Point, VA 23062
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