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1202 Anchorage Cir Vansant, VA 24656

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For Sale
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High-yield retail center, strong NOI.

Property size:
81,440 SF

Property Features for 1202 Anchorage Cir

General Information

Property type
Lifestyle centers
Square Feet
81,440 SF
Class
B
Lot Size
252,648 SF

Building Details

Year Built
1970
Buildings
5
Stories
1

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Listing Contact
Kreg Ramey
Kreg Ramey

Listing Agency: Interstate Realty Company Listing Agent: Kreg Ramey

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 5-building, 81,440 square foot shopping center situated on a 5.8-acre lot in Vansant, Virginia (zip code 24656). Currently boasting 80% occupancy with 15 tenants, including Dollar General, this Class B property offers a compelling 6.33% cap rate and a substantial net operating income (NOI) of $158,256. The property features 350 parking spaces and is zoned for commercial use. Constructed in 1970, the buildings are primarily metal structures with metal roofs, requiring minimal maintenance. One large, 24,000 square foot freestanding building is currently vacant, presenting significant upside potential for additional income through lease or repurposing (e.g., climate-controlled self-storage). The existing tenants enjoy long-term leases, contributing to the property's stable financial performance. The property's location in Buchanan County, an area with limited retail options, ensures continued demand and strong tenant retention. The ample parking provides room for future expansion or development. This stabilized investment offers a rare chance to acquire a well-maintained, high-performing retail center in a desirable market. The asking price is $2,500,000.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Restaurant Accounting Firm Discount Store (Bike/Boat/Book/etc) Store Restaurant (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Clothing & Fashion Store Furniture & Home Goods

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

Location Insight

  • Map
  • Local Demand
City
Vansant
County
Buchanan
State
Virginia
Longitude
-82.071947835868
Latitude
37.238979641688

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, strong NOI.
Where is this lifestyle center located?
The property is located at 1202 Anchorage Cir Vansant, VA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5-building, 81,440 SF shopping center on 5.8 acres in Vansant, VA (24656).; 80% occupancy with 15 tenants, including Dollar General.; 6.33% cap rate and $158,256 NOI.
More about this property
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